Baring PE sells 9.8% in Coforge, raises Rs 2,430 cr
As on December 2022, Baring Private Equity held a 39.99% stake in the company through its firm HULST BV. The private equity firm acquired about 70% stake in Coforge in 2019. In March last year, the PE firm sold 10% for ₹2,560 crore.
By ET Bureau | Updated:
Agencies
Mumbai: Hong Kong-based Baring Private Equity has sold 60 lakh shares, or 9.8% stake, in software company Coforge through a block deal on Monday to raise ₹2,430 crore.
The shares were sold at ₹4,050 apiece, a 6.4% discount to Friday's price. While Nomura India Investment Fund Mother Fund bought shares worth ₹247 crore, Kuwait Investment Authority and Aditya Birla Sun Life Mutual Fund invested ₹158 crore and ₹140 crore, respectively. The rest of the buyers were unknown.
As on December 2022, Baring Private Equity held a 39.99% stake in the company through its firm HULST BV. The private equity firm acquired about 70% stake in Coforge in 2019. In March last year, the PE firm sold 10% for ₹2,560 crore.
The shares were sold at ₹4,050 apiece, a 6.4% discount to Friday's price. While Nomura India Investment Fund Mother Fund bought shares worth ₹247 crore, Kuwait Investment Authority and Aditya Birla Sun Life Mutual Fund invested ₹158 crore and ₹140 crore, respectively. The rest of the buyers were unknown.
As on December 2022, Baring Private Equity held a 39.99% stake in the company through its firm HULST BV. The private equity firm acquired about 70% stake in Coforge in 2019. In March last year, the PE firm sold 10% for ₹2,560 crore.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Nivara Home Finance raises USD 10 million from Baring Private Equity IndiaADVERTISEMENT
