Hexaware’s PE investors have made money. Will the retail reap benefits too?
R Srikrishna, CEO, Hexaware Technologies; image credit: company
Synopsis
As Hexaware’s lock-in period for its shares comes to an end in a month, a niggling question remains — its private equity owners have earned the value of their turnaround, so what will the company need to do next to make sure its public shareholders also benefit?
After a long stretch away from the public eye, mid-tier IT services company Hexaware returned to the public markets last month. The largest Indian IT IPO since Tata Consultancy Services saw strong interest, its shares were oversubscribed, it listed at a premium to its offer price and, despite stock market volatility, its shares rose on its first day back on the stock exchanges. There were, of course, good reasons for this. After Hexaware was
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