Hexaware Tech Share Price Rises on Rs 1,029 Cr SMC Square Acquisition

Market Performance

Hexaware Technologies' share price witnessed upward momentum in early trade on July 17, gaining nearly 3% to hit ₹882 on the NSE.

• At 10:00 AM, shares were trading at ₹866, up 1% from the previous close.
• As of Wednesday's close, the stock was priced at ₹858, marking a 1.39% intraday gain.
• Hexaware Tech shares have delivered a 13% return year-to-date (YTD).
• Over the past three months, the stock has surged by 30%.

Main News: Rs 1,029 Crore SMC Square Acquisition

Hexaware Technologies has announced a significant acquisition deal, acquiring Tech SMC Square India and Tech SMCSquared (GCC) India in an all-cash transaction worth up to ₹1,029 Crore.

Key Deal Highlights:

• Deal Value: ₹1,029 Crore
• Upfront Payment: $45 million
• Additional Payment: Based on future performance (earnouts)
• Expected Deal Closure: July 17, 2025

This strategic acquisition aims to enhance Hexaware's scale in the Global Capability Center (GCC) sector, a segment forecasted to exceed $100 billion in India by 2030.

Company Details: Expansion in the GCC Market

Hexaware's acquisition strengthens its position in the mid-market GCC segment, which is undergoing rapid growth.

What the Acquisition Brings:

• 500+ employees joining from SMC Square
• Delivery centers in Bengaluru and Hyderabad
• Enhanced presence in the United States market
• Stronger capabilities in GCC setup and operations
• Integrated services across AI, cloud, analytics, and enterprise platforms

By leveraging the combined capabilities, Hexaware aims to offer end-to-end transformation solutions for enterprises seeking to expand and optimize their GCC strategies.

Additionally, this move is expected to:

• Improve execution capabilities
• Accelerate go-to-market strategies in key regions
• Attract high-quality tech talent
• Reinforce its stance in the evolving technology services landscape

Summary of the Article

Hexaware Technologies' share price gained following the announcement of its ₹1,029 Crore acquisition of SMC Square entities. The deal represents a significant milestone in Hexaware's pursuit to establish itself as a dominant player in the rapidly growing mid-market Global Capability Center (GCC) space.

With over 500 new professionals, delivery hubs in India, and a solid foothold in the US, Hexaware is aligning its strengths in AI, cloud, and analytics with SMC Square's GCC experience. Investors responded positively to this strategic move, as evidenced by the stock's 3% intraday gain and its 30% rise over the three months.