Hexaware Technologies Limited has informed the Exchange about General Updates
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Hexaware Technologies has received approval from the New Jersey Division of Revenue for the merger of its two wholly-owned step-down subsidiaries — Mobiquity Velocity Solutions Inc and Mobiquity Inc — into Hexaware Technologies Inc (a wholly-owned US subsidiary), effective January 1, 2026. Mobiquity Inc had a turnover of USD 40.09 million from operations, while Mobiquity Velocity Solutions had nil turnover. The merger involves no cash consideration and no change in shareholding, as both transferor companies are already 100% owned by the transferee company. The rationale is operational consolidation of complementary technology and digital consulting businesses under common control and management.
This is a routine internal restructuring of wholly-owned subsidiaries with no impact on the parent company's shareholding pattern or financials at the consolidated level. Shareholders are unlikely to see any material effect on stock price or ownership structure.