Hexaware Technologies Limited has announced the approval from the Court in Amsterdam, Netherlands, for the merger of its wholly-owned step-down subsidiary, Mobiquity Consulting B.V. (Transferor Company), into another wholly-owned step-down subsidiary, Mobiquity B.V. (Transferee Company). The merger is effective from January 31, 2026. Mobiquity Consulting B.V. reported a turnover of Euro 556,994 (₹4.64 crore) for the quarter ended September 30, 2025. Mobiquity B.V. had a turnover of Euro 4,068,609 (₹33.91 crore) for the same period. Both entities are engaged in providing digital experiences, mobile, web, voice, and IoT services, along with strategy, experience design, product engineering, cloud, and analytics services. The rationale for the merger is that both companies operate under the same control and management and are involved in complementary technology-enabled services. This consolidation is expected to benefit the companies, their shareholders, creditors, employees, and other stakeholders. As the Transferor Company is a fellow subsidiary of the Transferee Company, no cash consideration is involved, and there is no change in the shareholding pattern of Hexaware Technologies Limited.
