DXC Technology India Private Limited made an offer to acquire an additional 25% stake in Xchanging Solutions Limited (BSE:532616) for INR 1.6 billion on August 5, 2020. S. L. Gadhiya & Co., Chartered Accountants certified the floor price for the delisting proposal is INR 44.64 per equity share. The actual pricing for the delisting will be determined as per the process set out in the delisting regulations. On October 23, 2020, the acquirer has approved an indicative price of INR 56.5 per share. Post-closing, DXC Technology India Private Limited along with the promoter group will obtain full ownership and control of Xchanging Solutions Limited. The transaction is subject to approval from the Board of Directors and shareholders of Xchanging Solutions Limited. A minimum of 16.71 million share or 90% of share offer should be tender. On August 13, 2020, the offer was approved by the Board of Directors of Xchanging Solutions Limited. On August 31, 2020, The remote e-Voting period shall commence on September 20, 2020 and shall end on September 22, 2020. On October 5, 2020, a special resolution was passed from stock exchange regarding delisting. On January 29, 2020, the delisting of equity share were approved by BSE and NSE. The offer will open from February 9, 2021 and is expected to close on February 15, 2021. The consideration is expected to be settle on March 2, 2021. Saffron Capital Advisors Private Limited acted as the merchant banker for Xchanging Solutions Limited. Ankush Agarwal of MAKS & Co. acted as the scrutinizer in the transaction. Murali Krishna of KFin Technologies Private Limited acted as a registrar to Xchanging Solutions Limited. Prachee Dhuri of JM Financial Limited acted as a manager and broker to the offer.