Why is Hexaware delisted?
Why is Hexaware delisted?
The stated reason for the de-listing is taking full control over the company and necessitating various cost control measures. Promoters currently held 62.08 percent stake in the company and the rest 37.92 percent shareholding is held by public.
How do I sell Hexaware shares after delisting?
You cannot sell the shares in open market as these have been delisted. However you can tender these shares to the company which they will accept at Final Exit Price of Rs. 475, the process has been explained above, please give it a read.
What happened with Hexaware Technologies?
Hexaware’s shares will be delisted from the BSE and the National Stock Exchange (NSE) effective November 9. However, the delisting will not have any effect on the way the company does business.
Which company is buying Hexaware?
Carlyle
Carlyle has emerged as the preferred bidder for Baring Private Equity Asia owned IT services firm Hexaware for a $3 billion acquisition, Reuters reported last week.
Can I sell Hexaware shares?
Ans. Yes, Buying & Selling Hexaware shares in India is 100% legal.
How do I redeem delisted shares?
If a company is delisted, you are still a shareholder, to the extent of a number of shares held. And yet, you cannot sell those shares on any exchange. However, you can sell it on the over-the-counter market. This means you can look for a buyer outside the stock exchange.
Who owns Hexaware Technologies?
HT Global IT Solutions Holdings LimitedHexaware Technologies / Parent organization
Is there bond in Hexaware?
Hexaware has a bond varying from one to two years depending upon the qualification of the candidate. “Higher the qualification higher the bond time,” he added.
How do you sell shares delisted?
How to Sell Delisted Share Units?
- Sell to Promoters at a premium price. If the firm opted voluntary de-listing from BSE and NSE, promoters have to buyback the equity from minority shareholders at a premium price within one year period.
- Check Regional Stock Exchanges.
- Wait till the Firm got Relisted.
Do I lose my money if a stock is delisted?
Once a stock is delisted, stockholders still own the stock. However, a delisted stock often experiences significant or total devaluation. Therefore, even though a stockholder may still technically own the stock, they will likely experience a significant reduction in ownership.
Can delisted stock come back?
A delisted stock can be relisted only if SEBI permits it. The market regulator lays out different guidelines for relisting such shares. Relisting of voluntarily delisted stocks: Such shares will have to wait five years from their delisting date to get relisted again.