Baring Private Equity Asia is looking to sell its 71 per cent stake in Hexaware Technologies at a company valuation of about $1.2 billion (Rs 8,000 crore), said a report in The Economic Times. The Hong Kong-based firm has already initiated talks with France’s Capgemini and private equity funds Blackstone and Carlyle for the proposed stake sale, the report said. However, a formal auction process is yet to begin.