Promoter Entity Buys 9.09 Per Cent Stake in Hexaware for Rs 532 Crore
Mumbai: Promoter entity HT Global IT Solutions Holdings on Tuesday picked up a 9.09 per cent stake in IT firm Hexaware Technologies for a little over Rs 532 crore through open market route.
The shares were purchased from Parel Investment Holding Ltd, another promoter firm of Hexaware Technologies, as per information available with bourses.
HT Global IT Solutions Holdings Ltd acquired 2,7,288,327 shares, representing a 9.09 per cent stake, in Hexaware Technologies.
The shares were bought on an average price of Rs 195 apiece valuing the transaction at Rs 532.12 crore.
As on June 30, Parel Investment Holding held 2.72 crore shares, or a 9.09 per cent stake in Hexaware Technologies, while HT Global IT Solutions Holdings owned 16.44 crore scrips, or a 54.74 per cent stake, in the mid-sized IT firm.
Shares in Hexaware Technologies, on Tuesday, ended at Rs 201.15 apiece on the BSE, up 2.6 per cent from the previous close.
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