Baring PE Asia sells 5.12% stake in Indian IT services firm Coforge for $137m

Photo: Pramugdha Mamgain/DealStreetAsia

Baring Private Equity Asia (BPEA) on Wednesday sold a 5.12% equity stake in IT services firm Coforge Ltd, aggregating to 1008 crore via an open market transaction.

Hulst BV, an entity controlled by Baring, sold 31 lakh shares at an average price of 3,250.58 per share aggregating to 1007.68 crore, bulk deals data available on the exchanges showed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter