SBI Mutual Fund acquired 2,07,60,187 shares of Hexaware Technologies, establishing a new position representing a 3.40% stake valued at ₹1,183.74 crore at ₹570.20 apiece. SBI Mutual Fund was also among the mutual funds that participated as anchor investors in Hexaware Technologies' IPO, which raised ₹2,598 crore.
A technology services company providing artificial intelligence-based digital and technology solutions to enterprises across the globe. Incorporated in 1992, Hexaware Technologies specializes in digital transformation, cloud services, IT infrastructure management, and software development across various industries and sectors. The company distinguishes itself through its focus on AI-driven solutions, automation capabilities, and comprehensive end-to-end service delivery to multinational clients and organizations worldwide.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.
