InvestorQ : At what level do you see the delisting price of Hexaware being fixed?
Riya Dwivedi made post

At what level do you see the delisting price of Hexaware being fixed?

Answer
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rhea Babu answered.
3 months ago


If one were to take an analogy of similar IT stock delisting cases like Patni and Polariss, then even Hexaware Technologies price to delist its shares could be fixed at a 30-40% premium to the current market price. The price indicated by the company is just at a premium of 10% to the current market price. The board meeting is scheduled on 12 June to consider and discuss the delisting proposal. As of Mar-20, promoters held 62.4% stake in Hexaware. It is the balance that will have to be purchased at the time of delisting. If one were to apply the Patni and Polaris models, then the delisting price could be closer to Rs.370. The stock was sharply up by 20% on 05 June.