TDCX receives proposal from CEO to acquire remaining Class A ordinary shares

TDCX announced that its board of directors has received a preliminary non-binding proposal letter dated January 2, 2024, from Laurent Junique, Founder, Executive Chairman, Director, CEO, and ultimate beneficial owner of the company, to acquire all of the outstanding ordinary shares of the company, including the Class A ordinary shares represented by the American Depositary Shares of the company that are not already held by the Founder for a proposed purchase price of $6.60 per Ordinary Share or ADS in cash. The company has formed a special committee of the Board, comprised solely of independent and disinterested directors, to consider the Proposal Letter and the Proposed Transaction and make recommendation to the Board. The Board expects that the special committee will retain independent legal and financial advisors to assist in the review of the Proposed Transaction. The company cautions that the Board has just received the Proposal Letter and has not made any decisions with respect to the Proposal Letter and the Proposed Transaction. There can be no assurance that the Founder will make any definitive offer to the company, that any definitive agreement relating to the Proposal Letter will be entered into between the company and the Founder, or that the Proposed Transaction or any other similar transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.