Home / Specials / News / Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources

Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources

The private equity firm has hired IIFL to seek investor interest in the deal and has offered up to 7% discount to the Friday closing market price of Rs 4,348 a share

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Coforge

BS Reporter Mumbai

1 min read Last Updated : Feb 12 2023 | 10:37 PM IST

Barings Private Equity may sell part of its 40 per cent stake in Coforge via block deals, banking sources said.

The private equity firm has hired financial services provider IIFL to seek investors' interest in the company and has offered up to seven per cent discount to the Friday closing market price of Rs 4,348 a share.

The shares offered are worth Rs 1,300 crore, with a greenshoe option of equivalent value, taking the total deal size to Rs 2,600 crore.

Coforge was earlier known as NIIT Technologies, and is based in Noida and New Jersey, United States.

In April

Topics : Private Equity Coforge

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