Minority holder taps Sebi on Hinduja tech company merger

In a fresh salvo to the ongoing simmering tension between the minority shareholders of Hinduja Global Solutions (HGS), the listed technology company of the Hinduja family and the promoters over the technology companies decision to buy Nxt Global, a loss making sister company, also listed, the former have reached out to the stock exchange regulator to intervene and prevent alleged mis-governance and protect the rights of minority shareholders.

The company has denied any wrong doing to Sebi as well as to the complaining shareholder saying these are baseless allegations. ET has reviewed the contents of the mails.