Deals24 Nov 2025, 02:19 pm
Hexaware Technologies Ltd: Promoter CA Magnum Holdings Enters into Facilities Agreement with Hongkong and Shanghai Banking Corporation Limited
AI Summary
Hexaware Technologies Ltd promoter, CA Magnum Holdings, has entered into a facilities agreement with Hongkong and Shanghai Banking Corporation Limited, Singapore Branch as the Offshore Security Agent, for an amount of US$ 1,255,000,000. This agreement has resulted in a Mauritian law fixed charge and floating charge on 100% of the existing and future issued share capital held by the HoldCo in the Promoter, in favor of the Offshore Security Agent. This encumbrance is effective from 17 November 2025 and covers 74.55% of the total share capital of the company.
Key Highlights
- Hexaware Technologies Ltd promoter, CA Magnum Holdings, has entered into a facilities agreement with Hongkong and Shanghai Banking Corporation Limited, Singapore Branch as the Offshore Security Agent.
- The agreement is for an amount of US$ 1,255,000,000 and has resulted in a Mauritian law fixed charge and floating charge on 100% of the existing and future issued share capital held by the HoldCo in the Promoter.
- The encumbrance is effective from 17 November 2025 and covers 74.55% of the total share capital of the company.
- The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch is the entity in whose favor the shares are encumbered.
- This agreement is in compliance with Regulation 31(1) and (2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.