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Hexaware gains on Baring plans to buy controlling stake

Source : REUTERS
Last Updated: Mon, Aug 26, 2013 04:12 hrs
Hexaware Technologies<br>

Shares in India's Hexaware Technologies Ltd rose 4.35 percent at pre-open trading on Monday after Baring Private Equity Asia agreed to buy a controlling stake in it for about $420 million.

Baring will buy 41.8 percent in the Indian outsourcing service provider from the founders and private equity investor General Atlantic for about $260 million. It will then have to make a mandatory tender offer for up to 26 percent for roughly $160 million.

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  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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