HGS rises as its arm acquires entire stake in TekLink International
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Hinduja Global Solutions is currently trading at Rs. 1308.00, up by 3.30 points or 0.25% from its previous closing of Rs. 1304.70 on the BSE.
The scrip opened at Rs. 1304.05 and has touched a high and low of Rs. 1310.00 and Rs. 1302.00 respectively. So far 4083 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1698.15 on 24-Aug-2022 and a 52 week low of Rs. 847.00 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 1316.95 and Rs. 1295.90 respectively. The current market cap of the company is Rs. 6869.39 crore.
The promoters holding in the company stood at 66.59%, while Institutions and Non-Institutions held 13.67% and 19.74% respectively.
Hinduja Global Solutions’ (HGS) step down subsidiary -- HGS CX Technologies has completed the acquisition of 100% stake in TekLink International, Inc for $58.8 million, subject to earnouts and other customary and agreed adjustments. TekLink International Inc. is a full-service financial planning and analytics service provider to over 60 clients across multiple industries, including consumer products, retail, pharmaceuticals, manufacturing & distribution, utilities, and high tech. TekLink is headquartered in Warrenville, IL, US, with presence in Europe and delivery centers in Hyderabad and Indore in India. The company has strong credentials in the industry, with established partnerships with Microsoft, SAP, Anaplan, etc. TekLink has recently been named a 2022 Gartner Peer Insights Customers’ Choice for Data & Analytics Service Providers.
The acquisition will strengthen HGS’ digital solutions business by adding enhanced expertise in building data platforms, analytics, and financial planning. It will also add complementary digital workforce bench strength, with 275 seasoned technology and implementation professionals joining HGS as part of the transaction. HGS’ digital solutions business currently employs over 750 core technology and digital marketing experts, primarily across the US and India, who are transforming customer experiences (CX) for leading brands.
HGS is a global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day.
