Hexaware Technologies, the IT services provider, which delisted from the Indian stock markets may see a return to Dalal Street. Bloomberg reported citing sources that the Carlyle Group is considering options for the company, including an IPO, which could raise up to $1 billion.
An IPO might value Hexaware at $4 billion or more, the report said. Hexaware Technologies shares delisted from the bourses in November 2020 after the company’s then promoters had accepted the discovered delisting price of ₹475 per share.
Considerations are still preliminary and no final decision has been taken yet, according to the report.