Hexaware Technologies had announced it will be delisting its shares from stock exchanges, you can check the announcement from the company here.
|Schedule of Delististing Offer|
|Bid Open Date||September 9, 2020|
|Bid Close Date||September 14, 2020|
|Proposed Date for Payment to Eligible Shareholders in case Bids being accepted||September 29, 2020|
|Proposed Date for Return of Shares to the Shareholders in case of Bids not being accepted||September 29, 2020|
Why can’t I find Hexaware shares on the trading platform?
Following successful Delisting offer at Exit Price of Rs. 475 per share, the shares of Hexaware Technologies will be discontinued from trading on exchanges with effect from November 2, 2020 and will be delisted with effect from November 9, 2020, you can check the announcement regarding the same here.
|Last Trading Date of Shares||November 2, 2020|
|Date of Delisting from Exchanges||November 9, 2020|
What should I do if my bid for Hexaware wasn’t accepted?
All the shares which were tendered at for below Exit Price of Rs. 475 will be successfully accepted in the delisting offer, in scenario where your shares were not accepted or you failed to bid you will have time of one year from date of delisting to tender your shares to the company, which will be accepted at Final Exit Price Discovered (Rs. 475). For more information regarding the same you can read this article.
How to proceed further if I still have Hexaware shares?
If you have missed applying for the delisting, you can tender these shares offline directly to the company, and they will buy it back from you. Here are the details you’d want to know:
Tender Window: You will have one-year period from date of unlisting to tender these shares to the company. You can tender these shares anytime during this period.
Price: The tender price will be fixed at the exit price fixed by the company.
How: As a Shareholder, you would have received the “Exit Application form” that needs to be duly filled and submitted to the company registrar. Shareholders are also required to transfer these securities held in their demat account to the designated demat account of the company. The mode of transfer will be “off market” and you will have to get in touch with your DP to initiate such a transfer through DIS. You can read about off-market share transfer here.
After the transfer has been made, a counterfoil/photocopy of their depository participant instruction slip evidencing transfer of dematerialized Equity Shares to the Special Depository Account along with the duly filled “Exit Application form” are to be sent through a registered post to the registrar.
Funds would be credited to the bank account mapped with the demat account from which the transfer has been made.
In case you don’t receive/or lose the application, then you can contact the registrar for a new application form. If you face any other difficulties, you can get it touch with companies’ RTA. They will guide you through the further process.
For further help you can get in touch with RTA at [email protected] or at 18003454001.