Shares in Hexaware Technologies are locked in 20% upper circuit trade on June 5, 2020 after the company made public its delisting proposal.
In a filing the company has informed the stock exchanges that promoters have made an offer to take over all fully paid up shares of the company held by public shareholders in the company as of March 31, 2020. Public shareholding stands at 37.6%.
The price considered for delisting is Rs. 285 per share which is a 9.8% premium to Thursday's closing price.
On June 12, the company will organize a board meet on June 12 for considering and approving the delisting proposal.