IT stock jumps after company acquires SMC Squared for ₹1,030 CrIT stock jumps after company acquires SMC Squared for ₹1,030 Cr

Introduction:

Leading IT firm has acquired a global GCC solutions provider for ₹1,030 crore, aiming to enhance digital transformation offerings and expand its footprint in India’s rapidly growing Global Capability Center (GCC) market.

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Share price movement of Hexaware Technologies:

On July 17, 2025, Hexaware Technologies Ltd opened at ₹870.00, up 1.19% from its previous close of ₹857.45. The stock touched a high of ₹882.00 (2.86%) and a low of ₹860.85. By 10:10 AM, it was trading at ₹863.60, marking a 0.72% rise, with a market cap of ₹52,578.80 crore.

Hexaware Acquires SMC Squared for ₹1,030 Crore to Boost GCC Capabilities:

Hexaware Technologies has acquired SMC Squared for ₹1,030 crore in an all-cash deal. It strengthens its presence in the Global Capability Center (GCC) segment. The transaction was completed on July 17, 2025.

SMC Squared, with a turnover of ₹1,891 crore in 2024, operates delivery centers in Bengaluru and Hyderabad, along with a U.S.-based go-to-market office. It brings expertise in GCC build-operate models across HR, finance, infrastructure, and strategic consulting.

Hexaware’s newly launched GCC 2.0 service line integrates SMC’s capabilities with its own AI, cloud, and platform strengths. It aims to deliver end-to-end digital transformation solutions and tap into India’s growing GCC market.

Recent news on Hexaware Technologies:

As of February 19, 2025, Hexaware Technologies Ltd was listed at a 5.3% premium, debuting at ₹745.5 on NSE and ₹731 on BSE, compared to its issue price of ₹708.

Stock performance of Hexaware Technologies for Period of 1 week and 1 month:

Hexaware Technologies Ltd delivered a -1.58% return over the past week, while gaining 3.05% over the past month.

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Shareholding pattern of Hexaware Technologies:

Particulars	Mar 2025	Feb 2025
Promoter	74.70%	74.70%
FII	10.60%	10.30%
DII	9.10%	8.70%
Public	5.70%	6.40%

About Hexaware Technologies:

Hexaware Technologies Ltd (NSE: HEXT) is a global IT and business process services firm, enabling digital transformation for enterprises through innovative technology, with a mission to create smiles through people and smart solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.