Baring to buy controlling stake in India's Hexaware for about $420 million

(Reuters) - Baring Private Equity Asia has agreed to buy a controlling stake in Indian outsourcing services provider Hexaware Technologies Ltd for about $420 million in one of the largest deals in the country's showpiece information technology sector. Baring will buy Hexaware founders' 27.7 percent stake and 14.1 percent from private equity firm General Atlantic for about $260 million, the company said in a statement issued on Friday. ...



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