Business process management firm Hinduja Global Solutions Ltd (HGS) on Friday (March 7) announced the merger of its step-down wholly-owned subsidiary, Diversify Intelligent Staffing Solutions Inc, with another subsidiary, Diversify ISS BGC Inc, following approval from the Philippines Securities and Exchange Commission.
“We have to inform you that pursuant to the approval of Republic of Philippines Securities and Exchange Commission, Diversify Intelligent Staffing Solutions Inc., a step down wholly owned subsidiary of Hinduja Global Solutions Limited (‘the Company’) got merged with Diversify ISS BGC Inc., another step down wholly owned subsidiary of the company,” Hinduja Global Solutions said in a regulatory filing.
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With this merger, effective March 7, 2025, Diversify Intelligent Staffing Solutions Inc ceases to exist, streamlining HGS’s corporate structure. The company stated that the restructuring is aimed at simplifying operations with no impact on shareholding patterns, the company said.
Shares of Hinduja Global Solutions Ltd ended at ₹531.95, down by ₹3.75, or 0.70%, on the BSE.
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