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Access here alternative investment news about Baring Pe Offloads 8.4% Stake In Hexaware Technologies; Shares Drop 13.3% | Business Standard News
Private Equity

Baring Pe Offloads 8.4% Stake In Hexaware Technologies; Shares Drop 13.3% | Business Standard News

by business-standard.com posted 2months ago 24 views
The shares were sold at around at Rs 448 apiece, helping Baring PE raise Rs 11.2 billion. : Baring Private Equity (PE) Asia on Friday offloaded 8.4 per cent stake in Hexaware Technologies as part of a plan to monetise its holdings in the midcap technology firm it took over from its founders in 2013. The Asia-focused PE firm, which held 71.22 per cent stake in Hexaware prior to the share sale, offloaded 25 million shares through multiple block deals on the stock exchange platform.