Hexaware Technologies Promoters to sell stake to Barings

The Board of Directors of Hexaware Technologies Ltd at its meeting held on August 23, 2013, have been notified and have acknowledged that Elder Infosystem Private Limited and Elder Venture LLP (both of whom were disclosed as "promoters" in the disclosures filed by the Company with the stock exchanges) and GA Global Investments Limited have entered into a share purchase agreements with HT Global IT Solutions Holdings Limited, a company existing under the laws of Mauritius, an affiliate of Baring Private Equity Asia for sale of shares of the Company held by them.

Shares of Hexaware Technologies Ltd was last trading in BSE at Rs.120.75, up by Rs.1.90 or 1.60%. The stock hit an intraday high of Rs.125.90 and low of Rs.119.10.

The total traded quantity was 7.93 lakhs compared to 2 week average of 3.54 lakhs.

Source : Equity Bulls

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