Chrys Capital sells 48.55 lakh Hexaware shares for Rs 61 cr

Dali Ltd, an investment vehicle of PE firm Chrys Capital, today offloaded 48.55 lakh shares of outsourcing company Hexaware Technologies for more than Rs 61 crore through open market route.

According to information available with the bourses, Dali sold 18.45 lakh shares of Hexaware Technologies on the BSE and offloaded another 30.10 lakh scrips of the outsourcing firm on the NSE. The shares were sold on an average price of Rs 126.5 valuing the transactions at Rs 61.42 crore.

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

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.

Hexaware Technologies shares today declined by 1.56% to settle at Rs 126.25 apiece on the BSE.

Baring's Rs 1,058 crore open offer for acquisition of 26% in IT & BPO services firm Hexaware is expected to open on October 18 and close on October 31, 2013.