India: Coforge to sell $750m worth stake in ADS listing in US

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Shareholders of Coforge Ltd, formerly known as NIIT Technologies, including its majority shareholder Baring Private Equity Asia, will sell securities worth as much as $750 million in the proposed American Depository Receipts/Shares (ADS) offering in the US, said a person aware of the development.

ADS is one of the routes of raising capital from the US public markets for non-US companies.

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