Its consolidated revenues during Q3, 2013 rose by 22.4 per cent to Rs 621.1 crore, as against Rs 507.5 crore in the year-ago period, said the company which follows January- December period as its financial year.
Foreign institutional investor (FII) EG Shares India Small Cap Mauritius on Friday offloaded 37.70 lakh shares of outsourcing company Hexaware Technologies for about Rs 47 crore through open market route.
In a filing to BSE, Hexaware said: "This offer is being made by acquirer and the PACs to all the public shareholders, for acquisition of up to 7,83,49,823 shares, representing 26 per cent of the voting share capital."
The deal is expected to be approved by the Hexaware board as early as Friday, said the sources, who declined to be named before a public announcement. A spokeswoman for Hexaware did not have immediate comment.
Mid-sized IT services company Hexaware Technologies posted on Friday a 10 per cent increase in its consolidated net profit at Rs 97.90 crore for the quarter ended June 30, 2013, helped by growth in the financial services segment.
While asserting that it has not appointed Citigroup as the investment banker for a possible takeover of Hexaware, company Chairman A M Naik said has held discussions with the IT company only once to know if they can participate in the sale process.
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