Bengaluru, Feb. 6 -- Hexaware Technologies Ltd's majority owner Carlyle Group will see its subsidiary CA Magnum Holdings pocketing at least 1.5 times its investment as the Indian information technology services company returns to the public markets next week.

CA Magnum will offload nearly a 20% stake in Hexaware, which on Thursday filed revised papers to launch a Rs.8,750 crore initial public offering of its shares, lower than the Rs.9,950 crore IPO announced in September.

The IPO will only have an offer-for-sale component, which means Hexaware will not issue fresh capital and all the proceeds from the share listing will directly go to Carlyle's subsidiary. The US-based investment firm holds a 95.03% stake, or 577,604,202 shares, in Hex...