You are here: Home » Companies » News
Business Standard

Sebi allows Hexware to extend delisting offer by one more day to Sept 16

The cut-off date for Registrar to provide acceptance details is September 29, 2020, while the settlement date has been revised to September 30, 2020, the filing said

Topics
Sebi | Hexaware Technologies | Delisting of shares

Press Trust of India  |  New Delhi 

Sebi
The bid closing date has been revised to September 16, it added.

IT firm on Tuesday said market regulator has allowed extension of closure of its delisting offer to September 16.

The voluntary delisting process of from the and the had started on September 9. The delisting offer with a floor price of Rs 264.97 per share was slated to close on September 15.

"With respect to the Delisting Offer, Securities and Exchange Board of India (Sebi) vide their approval dated September 15, 2020 has acceded to our request to extend the bid closing date by one working day," Hexaware said in a regulatory filing.

The bid closing date has been revised to September 16, it added.

The cut-off date for Registrar to provide acceptance details is September 29, 2020, while the settlement date has been revised to September 30, 2020, the filing said.

It said has allowed extension of bid period by one working day due to technical issues faced by public shareholders on account of uploading of bids and early pay-in of equity shares on September 15.

Shares of on Tuesday closed 6.44 per cent higher at Rs 451.25 apiece on the During the day, the scrip hit its 52-week high of Rs 455.80.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 15 2020. 22:39 IST
RECOMMENDED FOR YOU