Hinduja Global Solutions shares were trading higher after the announcement that Hinduja plans to monetize its Optical Fiber Assets for ₹208 crore and optimize costs.
In the BSE exchange filing, the company stated that its Board of Directors, in today’s meeting, approved a plan to rationalize the supply chain management function of its media division and its subsidiaries to enhance operational efficiencies and optimize costs. The plan also includes the monetization of its optical fiber assets to retire debt, thereby resulting in interest cost savings.
As of 1:03 pm, the shares were trading 1.97% higher at ₹788.30.
About the company – HGS is a global digital customer experience (CX) leader dedicated to delivering winning customer interactions.
