TDCX Completes Going-Private Transaction
Portfolio Pulse from Benzinga Newsdesk
TDCX has completed its going-private transaction. Each Class A and Class B share, as well as American Depositary Shares (ADSs), will be cancelled in exchange for $7.20 per share or ADS. Vested warrants will be cancelled for $7.19 each.
June 18, 2024 | 8:34 pm
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TDCX has finalized its going-private transaction, offering $7.20 per share or ADS and $7.19 per vested warrant. This marks the end of TDCX's public trading status.
The completion of the going-private transaction means TDCX will no longer be publicly traded. Shareholders will receive a fixed cash amount per share, ADS, or vested warrant, which is neutral for short-term price movement as the stock will cease to exist.
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