Hexaware hits fresh 52-week high as promoter accepts delisting price

Shares of Hexaware Technologies hit a fresh 52-week high of Rs 468.95 on the BSE on Wednesday after the company's promoter accepted discovered delisting price of Rs 475 per share.

“The acquirer and promoter have accepted the discovered price of Rs 475 per equity share as the final/exit price for delisting offer,” mid-size information technology (IT) services firm Hexaware Technologies said in a public announcement.

HT Global IT Solutions Holdings Ltd, the offshore investment vehicle of Baring Private Equity Asia, that holds the 62.34 per cent stake in Hexaware, had fixed the indicative offer price at Rs 285