Baring PE Asia offloads 3.14% stake in IT services firm Coforge for $84m

Photo by Scott Graham on Unsplash

Baring Private Equity Asia (BPEA) on Monday sold a 3.14% equity stake in IT services firm Coforge Ltd, aggregating to 616 crore via an open market transaction.

Hulst BV, an entity controlled by Baring, sold 19 lakh shares at an average price of 3,242.26 per share on the Bombay Stock Exchange (BSE), bulk deals data available on the exchanges showed.

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