Hexaware Technologies hits 52-week high ahead of closure of delisting offer

Shares of Hexaware Technologies advanced 5 per cent to quote at Rs 446.70 on the BSE on Tuesday, extending its previous day’s 2 per cent gain, ahead of the closure of its delisting offer today. The stock of the information technology (IT) consulting and software company was trading at its 52-week high price, surpassing previous high of Rs 441.75 hit on August 21, 2020. In the past three months, it has rallied 40 per cent as against 17 per cent rise in the S&P BSE Sensex.

The reverse book building (RBB) process of Hexaware Technologies, the first delisting offer by a private equity player in India opened on Wednesday, September 9, 2020. The company has fixed a floor price of Rs 264.97 per equity share for the delisting offer which will close today, September 15, 2020. The last date for announcement of counter offer is September 17, 2020.