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Xchanging Solutions receives approval for voluntarily liquidation of wholly owned subsidiary

24 May 2019 Evaluate

Xchanging Solutions has received approval for voluntarily liquidation of Xchanging Solutions (Europe) (XSEL), a Wholly Owned Subsidiary of the company. XSEL does not undertake any operations as on date and does not provide any revenue to its holding company. Accordingly, the company has decided to liquidate XSEL for commercial reasons. The Board of Directors of the Company at its meeting held on May 23, 2019 has approved the same.

Xchanging Solutions is engaged in business process outsourcing and information technology services.

Peers
Company Name CMP
TCS 2502.60
Infosys 1146.00
HCL Technologies 1437.00
Wipro 197.60
Tech Mahindra 1788.00
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