TDCX jumps as CEO to take co private for $1.04 bln

TDCX

01/03/2024 13:57

** Shares of TDCX  TDCX.N  up ~14% at $7.02 before the bell 
    ** Company announces it will be acquired for $1.04 bln by
its CEO Laurent Junique and his affiliates known as Buyer Group 
    ** Members of Buyer Group own about 86.1% of all the issued
and outstanding shares
    ** The deal is expected to close in Q2 2024 and will result
in TDCX becoming a privately-owned company 
    ** Merger consideration represents a premium of 48% to
closing price on Dec. 29
    ** Stock edged up 60.82% in 2023

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))