Hexaware board approves appointment of ICICI Sec as merchant banker for delisting

New Delhi: IT firm HexawareNSE 0.87 % on Friday said its board has approved the appointment of ICICI Securities as merchant banker for delisting of the company from stock exchanges.

Earlier this month, Hexaware promoter firm HT Global IT Solutions Holdings had expressed its intention to voluntarily delist Hexaware’s shares from Indian bourses.

In a regulatory filing on Friday, Hexaware said its board has approved the appointment of ICICI Securities Ltd (merchant banker) for the purposes of carrying out the due diligence.

“After the receipt of the due diligence report by the merchant banker, the board will meet again to discuss and take a decision on the delisting proposal,” it added.