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Hexaware jumps 20% as board set to consider delisting proposal

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MUMBAI: Shares of Hexaware Technologies, owned by Baring Private Equity Asia (Baring PE), jumped 20% to ₹311.30 apiece on Friday after the company said its board will consider a proposal to delist the stock from Indian exchanges. "Promoter (HT Global IT Solutions) has expressed its intention to, either individually, or together with the one or more members of the promoter group including its subsidiaries, acquire all fully paid up equity shares of the company that are held by the public shareholders of the company, as defined in the Delisting Regulations, and consequently voluntarily delist the equity shares from BSE and NSE," the company said in a statement.

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