Chrys Capital sells 24 lakh Hexaware shares for Rs 31 cr

Dali Ltd, an investment vehicle of PE firm Chrys Capital, today offloaded more than 24 lakh shares of outsourcing company Hexaware Technologies for around Rs 31 crore through open market route.

Dali sold 24,14,013 shares of Hexaware Technologies at an average price of Rs 126.89, valuing the transaction at Rs 30.63 crore, according to stock exchanges' data.

However, the identity of the buyer(s) could not be ascertained immediately.

Last week, Dali had sold 48.55 lakh shares of Hexaware Technologies for over Rs 61 crore.

As of June quarter, Dali held 2.86 crore shares, equivalent to 9.59% stake in Hexaware Technologies.

Last month, Hexaware Technologies had announced that PE major Baring Private Equity Asia would buy a controlling stake in the outsourcing firm for up to Rs 2,745 crore making it one of the largest deals in Indian IT services space.

In a separate bulk deal, Sanjay Kumar, a shareholder of PVR Ltd, today offloaded 2.56 lakh shares of the firm for Rs 10.75 crore.

Kumar held 5.13 lakh shares, or 1.29% stake, of PVR as of June 30, 2013.

At the BSE, Hexaware Technologies shares today inched up 0.12% to close at Rs 126.40 apiece, while shares of PVR jumped by over 5% to settle at Rs 421.30.