Mumbai, July 17 -- The acquisition is subject to the satisfaction of closing conditions, the company said.

In India, the Global Capability Center (GCC) segment is experiencing exponential growth, with the market projected to exceed $100 billion by 2030.

Hexaware stated that this presents a significant opportunity for the firm to expand its footprint and deepen its capabilities in this space.

The acquisition will be carried out for an all-cash consideration of up to $120 million (around Rs 10,291.2 crore), including an upfront payout of $45 million, earnouts worth up to $45 million, and an additional $30 million as outperformance bonus. The transaction is expected to close on the same day, July 17.

SMC Group currently has around 500 em...