Aug 23, 2013, 08.27 PM IST
Baring Private Equity Asia has agreed to buy a controlling stake in Indian outsourcing services provider Hexaware Technologies for about USD 420 million.
Like this story, share it with millions of investors on M3
Baring to buy controlling stake in Hexaware for $420 mn
Baring Private Equity Asia has agreed to buy a controlling stake in Indian outsourcing services provider Hexaware Technologies for about USD 420 million.
Like this story, share it with millions of investors on M3
Baring to buy controlling stake in Hexaware for $420 mn
Baring Private Equity Asia has agreed to buy a controlling stake in Indian outsourcing services provider Hexaware Technologies for about USD 420 million.
Baring will buy Hexaware founders' 27.7 percent stake and 14.1 percent from private equity firm General Atlantic for about USD 260 million, the company said in a statement issued on Friday.
Also read: HSBC downgrades Indian equities to neutral from overweight
Baring will then have to make a mandatory tender offer to minority shareholders of Hexaware for up to 26 percent of the company at Rs 135 a share, which would be worth about USD 160 million.
Hexaware shares ended up 1.8 percent before the transaction announcement at 120.75 Indian rupees.
Hexaware develops software and provides business process outsourcing services to overseas clients. Its rivals in India's USD 108 billion outsourcing industry include Infosys Ltd and Tata Consultancy Services Ltd.
Also watch the accompanying video for experts' reaction to the sale.
Anda sedang membaca artikel tentang
Baring to buy controlling stake in Hexaware for $420 mn
Dengan url
http://gayafashionshow.blogspot.com/2013/08/baring-to-buy-controlling-stake-in.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Baring to buy controlling stake in Hexaware for $420 mn
namun jangan lupa untuk meletakkan link
Baring to buy controlling stake in Hexaware for $420 mn
sebagai sumbernya
0 komentar:
Posting Komentar