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

Reuters03-01

** Shares of TDCX 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))

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