InvestorQ : What is the latest status of the Hexaware / Carlyle acquisition deal?
Arusha Ray made post

What is the latest status of the Hexaware / Carlyle acquisition deal?

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2 months ago
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The latest news is that the Competition Commission of India or CCI has already approved Carlyle’s $3 billion bid for Hexaware Technologies. As you are aware, the stake is being bought by Carlyle from Baring Private Equity Asia. Incidentally, Baring which bought the stake in 2013, has already made a 7-bagger on the stock.

Hexaware is into transformational IT services which encompasses automation, cloud and consumer related technology. Hexaware is heavily into leveraging artificial intelligence (AI) and robotic process automation (RPA) in this process. Hexaware, formerly Apple Software, was founded by Atul Nishar.

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