ChrysCapital part exits Hexaware Technologies with around 3x returns | VCCircle
Join us : Twitter Facebook Linkedin Youtube

Search form

Home >> Private Equity >>
print icon

ChrysCapital part exits Hexaware Technologies with around 3x returns

BY  Madhav A Chanchani
ChrysCap's stake sale comes as Baring Asia has bought 4.14 per cent stake in Hexaware from markets, inching closer to majority stake mark.

Private equity firm ChrysCapital has sold nearly half of its stake in Hexaware Technologies Ltd, which is being acquired by Baring Private Equity Asia, for around Rs 173 crore (around $26 million). The private equity firm, which held 9.59 per cent stake as of June 30, sold 4.54 per cent stake or nearly 13.6 million shares since August 30.

On Thursday, ChrysCapital sold 1.62 per cent stake or 4.86 million shares on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as a part of the transaction.

While the shares were sold for Rs 126.51 per unit on BSE, they...

Register Now
Already registered? Login

A Premium membership gives you:

  • Access to all premium articles including exclusives, analyses & commentary.
  • Access to archives of over six years.
  • Exclusive interviews with top fund managers, CEOs and bankers.
Get Access
Enter your VCCircle username.
Enter the password that accompanies your username.

Upcoming Events


Copyright © 2014
A property of Mosaic Media Ventures Pvt Ltd.