Hinduja Global Solutions zooms on completing acquisition of NXTDIGITAL`s digital media business in India
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Hinduja Global Solutions is currently trading at Rs. 1303.45, up by 48.70 points or 3.88% from its previous closing of Rs. 1254.75 on the BSE.
The scrip opened at Rs. 1271.90 and has touched a high and low of Rs. 1316.25 and Rs. 1252.90 respectively. So far 9933 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1974.00 on 04-Jan-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. 1316.25 and Rs. 1180.25 respectively. The current market cap of the company is Rs. 5469.94 crore.
The promoters holding in the company stood at 67.13%, while Institutions and Non-Institutions held 15.51% and 17.36% respectively.
Hinduja Global Solutions (HGS) has received the order from the National Company Law Tribunal (NCLT) approving and sanctioning the Scheme of Arrangement between NXTDIGITAL and Hinduja Global Solutions. With this approval in place, NXTDIGITAL’s Digital Media business in India, including its assets, liabilities and investment in its subsidiaries, become part of HGS, effective February 1, 2022 (the Appointed Date as per the Scheme of Arrangement). This acquisition opens up a direct-to-consumer practice for HGS.
As HGS and NXTDIGITAL leverage their new synergies and work towards building this partnership from a technology and digital standpoint, it is certain to positively impact both people and customers in the long-term. HGS will add a headcount of nearly 1,200 in India and presence across 1,500 locations covering 4,500 pin codes through NXTDIGITAL. The partnership will allow NXTDIGITAL to expand into new geographies while strengthening their already firm footprint in India.
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.
