Hexaware Technologies hits record high after huge block deal

At 0915 hours, 27.3 million equity shares representing 9.1% of total equity of Hexaware have changed hands on BSE.

Hexaware Technologies has rallied 6% to Rs 207 in otherwise subdued market after huge block deals executed on the counter on the Bombay Stock Exchange (BSE). The stock opened at Rs 197 and hit a record high of Rs 208 so far.

At 0915 hours, 27.3 million equity shares representing 9.1% of total equity of the mid-sized information technology firm have changed hands in block deal between price of Rs 197 and Rs 199, the BSE data shows.

However, the identity of the buyers and sellers could not be yet ascertained.

As on June 30, Parel Investment Holding Ltd, one of the promoters held 27.28 million shares or 9.09% stake in Hexaware Technologies, the shareholding pattern data shows.