The delisting offer of Hexaware Technologies Ltd. by HT Global Holdings BV along with HT Global IT Solutions Holdings Limited is finalised, as the acquirers accepted the price of Rs 475 per share, relying on the reverse book building process.
Consequently, the share hit a 52-week high at Rs 468.95 on the BSE. The promoters had reportedly offered Rs 264.97 per share for delisting.
The acquirers shall acquire up to 11.38 crore shares, or 37.92% of the total equity share capital of the company.
“The acquirer shall acquire 87.28 million equity shares validly tendered at or below the Exit Price in Reverse Book Building process and post completion of the acquisition, the shareholding of the acquire and promoter along with other members of the promoter group shall be 91.16 per cent of the share capital of the company, which would exceed the minimum number of equity shares required for the delisting offer,” the company said.
Post completion of the acquisition, the shareholding of the acquirer and promoter group would 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.
