Baring Private Equity Asia sells 6.27% stake in Coforge Ltd for Rs.878 crore
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NwMumbai, Oct. 26 -- Hulst BV, part of private equity investor Baring Private Equity Asia (BPEA), on Monday sold 38 lakh shares or 6.27% of Coforge Ltd, earlier known as NIIT Technologies, for Rs.878 crore through block deals.
As per data available on the NSE and the BSE, Hulst BV offloaded a total of 38 lakh shares. On the NSE, it sold 29 lakh shares at an average price of Rs.2,310.56 valuing the deal at more than Rs.670 crore. It offloaded 9 lakh shares at an average price of Rs.2,312.03 on the BSE for Rs.208 crore.
As per the latest shareholding pattern, Hulst B V held a 70.28% stake in the company.
In April 2019, Baring Private Equity Asia signed pacts to acquire a 30% stake in NIIT Technologies for Rs.2,627 crore. The PE firm paid...
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