Hexaware Applied sciences, a Mumbai-based IT firm backed by non-public fairness big Carlyle Group, has submitted its draft pink herring prospectus (DRHP) to the Securities and Alternate Board of India (Sebi) for a proposed preliminary public providing (IPO) value Rs 9,950 crore.
The IPO is completely a suggestion on the market (OFS) by the promoter, CA Magnum Holdings, which is part of the Carlyle Group and holds a 95.03 per cent stake in Hexaware.
The proceeds from the providing will likely be acquired by the promoting shareholder relatively than the corporate itself. The corporate said within the DRHP that the aim of going public is to “obtain the advantage of itemizing fairness shares on inventory exchanges and finishing up OFS for the promoting shareholder.”
If the IPO is profitable, it will be the biggest public difficulty in India’s IT providers sector since Tata Consultancy Providers’ Rs 4,700-crore IPO, which happened greater than 20 years in the past.
Hexaware Applied sciences is a world digital and know-how providers firm that leverages synthetic intelligence (AI) at its core and serves a various clientele, together with 31 Fortune 500 organizations.
The IPO is completely a suggestion on the market (OFS) by the promoter, CA Magnum Holdings, which is part of the Carlyle Group and holds a 95.03 per cent stake in Hexaware.
The proceeds from the providing will likely be acquired by the promoting shareholder relatively than the corporate itself. The corporate said within the DRHP that the aim of going public is to “obtain the advantage of itemizing fairness shares on inventory exchanges and finishing up OFS for the promoting shareholder.”
If the IPO is profitable, it will be the biggest public difficulty in India’s IT providers sector since Tata Consultancy Providers’ Rs 4,700-crore IPO, which happened greater than 20 years in the past.
Hexaware Applied sciences is a world digital and know-how providers firm that leverages synthetic intelligence (AI) at its core and serves a various clientele, together with 31 Fortune 500 organizations.
