Hinduja Global Solutions gains as its arm inks pact to acquire 100% stake in Diversify

31 Jan 2022 Evaluate

Hinduja Global Solutions is currently trading at Rs. 2549.00, up by 31.95 points or 1.27% from its previous closing of Rs. 2517.05 on the BSE.

The scrip opened at Rs. 2525.00 and has touched a high and low of Rs. 2567.65 and Rs. 2525.00 respectively. So far 864 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3948.00 on 04-Jan-2022 and a 52 week low of Rs. 1091.00 on 01-Feb-2021.

Last one week high and low of the scrip stood at Rs. 2730.20 and Rs. 2467.35 respectively. The current market cap of the company is Rs. 5260.02 crore.

The promoters holding in the company stood at 67.13%, while Institutions and Non-Institutions held 7.43% and 25.43% respectively.

Hinduja Global Solutions’ (HGS) subsidiary -- HGS International Mauritius has entered into a definitive agreement to acquire 100% equity stake in Diversify Offshore Staffing Solutions (Diversify), Australia. The transaction is expected to close within the next few days.

With the acquisition of Diversify, HGS will open up ANZ as a new market, with the addition of a significant number of clients from that region. It will also supplement its portfolio in the US. While most of its current offshore footprint is in the Philippines, this will open up the gates for ANZ offshoring to HGS’ Indian operations. It bolsters HGS’ portfolio of back-office and non-voice business in domains like Digital Marketing, Finance & Accounts, IT services, etc. Combining these two organizations brings in synergies to improve the profitability of the operations. The complementarity of time zones between Australia and North America is expected to improve the asset utilization for HGS.

HGS is a global leader in business process management (BPM) and optimizing the customer experience lifecycle, HGS is helping make its clients more competitive every day.

Hinduja Global Soln. Share Price

840.20 31.80 (3.93%)
31-May-2024 16:01 View Price Chart
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