Hexaware Technologies Limited has informed the Exchange about Incorporation of Wholly Owned Subsidiary in Colombia
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Hexaware Technologies has incorporated a wholly owned subsidiary in Colombia named 'Hexaware Technologies Colombia S.A.S.' on September 26, 2025. The new entity will operate in the Information Technology and IT Enabled Services sector, aligned with Hexaware's core business. It has been set up with a share capital of COP 1,000,000 (Colombian Peso), divided into one million shares, and is fully owned by Hexaware. The incorporation has received approval from the Bogota Chamber of Commerce and complies with Colombian corporate law (Law 1258 of 2008). This move is part of Hexaware's geographic expansion strategy to strengthen its presence in the Latin American market.
This is a routine expansion move into Latin America and is unlikely to materially impact the stock price in the short term. However, it signals Hexaware's continued focus on global growth, particularly in emerging IT services markets, which could support long-term revenue diversification.