Hindustan Global Solutions announces merger of two step-down subsidiaries

The company said in a regulatory filing that the merger came into effect at 3:37 pm IST on March 7, 2025.

Hinduja Global Solutions shares settled at ₹530.60 apiece, down 0.82% on the National Stock Exchange (NSE). However, the merger was announced after the market closed on Friday.

With this merger Diversify Intelligent Staffing Solutions Inc. will cease to exist, the company added.

The merger between the two of its subsidiaries came after the approval from the Republic of Philippines Securities and Exchange Commission, HGS said.

The company aims to simplify the overall structure of the organisation with the merger of two of its step-down subsidiaries.

There will be no change in the shareholding patterns of HGS and Diversify ISS BGC, the former added.

Hinduja Global Solutions share performance

Hinduja Global Solutions shares have climbed 0.89% over the week but have fallen 15.89% since the beginning of February. They have declined 23.51% so far this year.

The stock touched its 52-week low of ₹508 on Monday, March 3, and high of ₹954.7 on August 26, 2024.

The company has a total market capitalisation of ₹2,468.37 crore as of March 7, 2025, on the NSE.

About Hinduja Global Solutions

Part of the Hinduja Group, Hinduja Global Solutions is a business process management (BPM) company. It also operates in the media and communication segment.

The company’s subsidiaries include Diversify ISS BGC, HGS International, Mauritius, HGS (USA) LLC, HGS Canada Inc., Hinduja Global Solutions UK Ltd, Team HGS Ltd., Jamaica, and HGS Digital LLC, among others.