Hexaware Technologies Ltd.

Hexaware Technologies is currently trading at Rs. 123.25, up by 4.40 points or 3.70 % from its previous closing of Rs. 118.85 on the BSE.

The scrip opened at Rs. 125.00 and has touched a high and low of Rs. 125.90 and Rs. 119.10 respectively. So far 652194 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 142.00 on 14-Sep-2012 and a 52 week low of Rs. 72.30 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 126.60 and Rs. 110.90 respectively. The current market cap of the company is Rs. 3684.04 crore.

The promoters holding in the company stood at 27.92% while Institutions and Non-Institutions held 46.59% and 18.36% respectively.

Hexaware Technologies, IT and Process outsourcing service provider, reportedly will approve, the proposal of Baring private Equity Partners Asia for acquiring controlling stake in the company for $400 million, in its board meeting today, i.e., August 23,2013. With this, the company finally will come to an end one-and-half year of negotiations it had with several financial and strategic players, including Japan's NEC and home grown L&T Infotech.

Baring reportedly will purchase 42% stake from the family of Hexaware founder Atul Nishar and private equity firm General Atlantic Partners. This will be followed by a mandatory open offer for an additional 26%. Meanwhile, Investment banks Credit Suisse and Morgan Stanley are Hexaware's advisors.