ICICI Direct: Hexaware Technologies Accepts Rs 475 Per Share As Final Delisting Price

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.HT Global Holding BV (Acquirer) along with HT Global Holdings Ltd. (promoter) of Hexaware Technologies Ltd. have accepted Rs 475/share as the final price for delisting offer.We believe that through this offer price the acquirer and promoters along with other members of the promoter group would have minimum 91.16% shareholding through the reverse book building process, which would exceed the minimum number of equity shares required for delisting of shares.Hence, we believe this will lead to delisting of company shares (subject to regulatory approvals).All public shareholders who have tendered their equity shares at or below the exit price will be paid a consideration of Rs 475/share.The last date for payment to all public shareholders whose bid have been accepted is September 30, 2020. Those public shareholders whose bids have been rejected will have their shares returned.We believe those shareholders who have not tendered their shares or whose bids have been rejected will be given an opportunity to tender their shares at delisted price however the modalities of the same will be announced in due course..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Direct: Hexaware Technologies Accepts Rs 475 Per Share As Final Delisting Price

ICICI Direct: Hexaware Technologies Accepts Rs 475 Per Share As Final Delisting Price

Choose a plan