Hexaware Technologies Ltd (HEXT.NS)
10 Mar 2014
|Market Cap (Mil.):||Rs46,990.56|
|Shares Outstanding (Mil.):||299.88|
MUMBAI - Global private equity firm KKR & Co LP plans to offer funding to struggling companies in India where rising bad loans has constrained bank lending and low demand has ruled out share sales for many small and mid-sized firms.
Baring Private Equity Asia has hiked its holding in Hexaware Technologies Ltd through open market share purchases which would ensure it gets a majority stake of the public-listed firm even if the open offer to the public fails to generate interest. It also means a higher payout for the promoter and the existing private equity investor of the information technology and business process outsourcing service provider.
Private equity major ChrysCapital has started selling stake in Jamshedpur-based JMT Auto Ltd, cutting nearly a third of its stake over the last two trading sessions. This comes even as it has continued to sell its stake in information technology services firm Hexaware Technologies Ltd this week.