Hexaware Technologies finalized delisting price at Rs 475 per equity share

Securities exchange News: Hexaware Technologies Limited is a data innovation organization. Presently it intends to offer offers for Rs 475 for every value share under the delisting cycle.

As of the source, the firm had led an offering cycle on September ninth and shut on sixteenth September. Around then, the advertisers offered at Rs 264.97 per share. In addition, the offer was finished and had been proffered for around 8.72 crore value shares.

Moreover, the HT promoters endorsed the delisting cost of Rs 475 for every value share. They additionally referenced this is the last cost for the delisting offer. According to the Sebi standards, the offer will victories just when the restricted offers (least of 8,38,00,030 offers) share proffered at a similar cost or underneath to the leave cost.

Reverse Book Building Process (RBBP): An organization needs to delist its stake from the bourses. While it chose a value that it needs to pay to the public investors to repurchase shares.

A source said that the HT delisting measure got offers for 8,72,86,523 offers at or beneath the leave cost in RBBP. Besides, this would surpass the base request amount.

The firm expressed that the firm will pay Rs 475 for every Eq offer to public investors who have taken an interest in the delistings cycle at to beneath the leave cost. In addition, the settlement due date has been changed to September 30, 2020, for acknowledged offers as it were.

Hexaware Technologies' delisting offer was overseen by JM Financials.

The share price of Hexaware Technologies shut at Rs 468.45 with a 1.65% increase. It cited a 52-week high and low cost of Rs 468.90 and Rs 202.25, individually. Other than the offer arrived at a 52-week exorbitant cost level in early exchange.