Hexaware up on board nod for BPO arm merger

Board approves merger of BPO arm Caliber Point Business Solutions with itself

Shares of Hexaware Technologies were up over 3% at Rs 122 on merge of BPO arm with the company.

The Board of Directors of the Company at its meeting held on December 09, 2013, have approved the merger of the wholly owned subsidiary company, Caliber Point Business Solutions Limited (a BPO service provider) with the Company, Hexaware Technologies said in a release late Monday.

Over 163,000 shares were traded on the Bombay Stock Exchange while over 1 million shares were traded on the National Stock Exchange so far.