Sep 05, 2013, 08.23 PM IST | Source: PTI

Chrys Capital sells 48.55 lakh Hexaware shares for Rs 61 cr

According to information available with the bourses, Dali sold 18.45 lakh shares of Hexaware Technologies on the BSE and offloaded another 30.10 lakh scrips of the outsourcing firm on the NSE. The shares were sold on an average price of Rs 126.5 valuing the transactions at Rs 61.42 crore.

Chrys Capital sells 48.55 lakh Hexaware shares for Rs 61 cr

Dali Ltd, an investment vehicle of PE firm Chrys Capital, today offloaded 48.55 lakh shares of outsourcing company Hexaware Technologies for more than Rs 61 crore through open market route.

According to information available with the bourses, Dali sold 18.45 lakh shares of Hexaware Technologies on the BSE and offloaded another 30.10 lakh scrips of the outsourcing firm on the NSE. The shares were sold on an average price of Rs 126.5 valuing the transactions at Rs 61.42 crore.

However, the identity of the buyer(s) could not be ascertained immediately. As of June quarter, Dali held 2.86 crore shares, equivalent to 9.59 per cent stake in Hexaware Technologies. Last month, Hexaware Technologies had announced that PE major Baring Private Equity Asia would buy a controlling stake in the outsourcing firm for up to Rs 2,745 crore making it one of the largest deals in Indian IT services space.

Hexaware Technologies shares today declined by 1.56 per cent to settle at Rs 126.25 apiece on the BSE. Baring's Rs 1,058 crore open offer for acquisition of 26 per cent in IT & BPO services firm Hexaware is expected to open on October 18 and close on October 31, 2013.

Hexaware Tech stock price

On April 17, 2014, Hexaware Technologies closed at Rs 170.55, up Rs 8.20, or 5.05 percent. The 52-week high of the share was Rs 174.85 and the 52-week low was Rs 72.30.


The company's trailing 12-month (TTM) EPS was at Rs 11.76 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 14.5. The latest book value of the company is Rs 29.59 per share. At current value, the price-to-book value of the company is 5.76.

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