Promoter entity HT Global IT Solutions Holdings buys 9.09 per cent stake in Hexaware for Rs 532 crore

MUMBAI: Promoter entity HT Global IT Solutions Holdings today picked up 9.09 per cent stake in the IT firm, Hexaware Technologies, for a little over Rs 532 crore through open market route.

The shares were purchased from another promoter firm of Hexaware Technologies, Parel Investment Holding Ltd, as per information available with stock exchanges.

HT Global IT Solutions Holdings Ltd acquired 2,7,288,327 shares, representing 9.09 per cent stake, of Hexaware Technologies.

The shares were bought on an average price of Rs 195 apiece valuing the transaction at Rs 532.12 crore.

As on June 30, Parel Investment Holding held 2.72 crore shares or 9.09 per cent stake in Hexaware Technologies, while HT Global IT Solutions Holdings owned 16.44 crore scrips or 54.74 per cent stake in the mid-sized IT firm.

Shares of Hexaware Technologies rose by 2.6 per cent to close at Rs 201.15 apiece on the BSE.