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Discovered price of Rs. 475 accepted as delisting offer price of Hexaware Technologies Ltd

Posted On: 2020-09-22 20:24:37 (Time Zone: Arizona, USA)


The Delisting offer of Hexaware Technologies Limited ("Company") by HT Global Holdings BV ("Acquirer") along with HT Global IT Solutions Holdings Limited ("PAC") is successful with the acquirers accepting the discovered price of Rs. 475 per equity share as the final price for the delisting offer ("Exit Price").

The acquirers had earlier announced delisting offer for acquisition of up to 11,38,13,209 equity shares representing 37.92% of the total issued equity share capital ("Offer Shares") of the company from the public shareholders. The reverse book building process for offering the shares by shareholders ended on Wednesday, September 16, 2020. The bid period started from Wednesday, September 9, 2020.

The acquirer shall acquire 8,72,86,523 equity shares validly tendered at or below the exit price in the reverse book building process and post completion of the acquisition, the shareholding of the acquirer and promoter along with other members of the promoter group shall be 91.16% of the fully paid up equity share capital of the company, which would exceed the minimum number of equity shares required for the delisting offer to be successful.

Shares of HEXAWARE TECHNOLOGIES LTD. was last trading in BSE at Rs.461.05 as compared to the previous close of Rs. 457.1. The total number of shares traded during the day was 23418 in over 821 trades.

The stock hit an intraday high of Rs. 464.65 and intraday low of 452.45. The net turnover during the day was Rs. 10736329.


Source: Equity Bulls

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