Hexaware Technologies Ltd on Monday announced that the company board has approved an investment of $50 million (Rs 428 crore) in Hexaware Technologies Inc, a USA-wholly owned subsidiary of the company. The investment will take place in the form of equity share capital or any other form in one or more tranches.
In a regulatory filing, the company said, “The Board of Directors of the Company, in their meeting held today have also approved further investment in Hexaware Technologies Inc, USA-Wholly Owned Subsidiary of the Company, upto USD 50 Million in the form of equity share capital or any other form in one or more tranches.”
The investment, which will be made by the end of December 2026, will enable Hexaware Technologies Inc inter alia in furtherance of business activities.
Further, the company board has also approved allotment of 53,144 equity shares having face value of Re 1 each to identified employees including employees of subsidiary company under Hexaware Employees Stock Option Plan 2015.
Earlier in May, the company had posted its fiscal fourth quarter results with net profit at Rs 327.20 crore, reporting a growth of 17.02 per cent from Rs 279.60 crore in March 2024. Net sales were reported at Rs 3,207.90 crore in March 2025, up 16.7 per cent from Rs 2,748.80 crore in March 2024. EBITDA stood at Rs 532.20 crore