Baring PE Asia to sell over 8% stake in Hexaware for about $170m

Baring PE Asia to sell over 8% stake in Hexaware for about $170m

Photo: Bloomberg

Asia-focused private equity firm (PE) Baring Private Equity Asia is selling its stake worth almost Rs1,120 crore in IT services company Hexaware Technologies Ltd, said a person aware of the development. Baring PE Asia currently holds a 71.25% stake in the IT company, through an entity called HT Global IT Solutions Holdings Ltd.

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