Hexaware Technologies Ltd, an IT and BPO services provider with outsourcing facilities in Chennai and Mumbai, has signed an agreement General Atlantic LLC (GA) by which latter will invest Rs 300 crores through a preferential allotment.
The proceeds of the allotment will be utilised to create infrastructural assets, enable suitable acquisitions and to meet working capital needs of the company, a Hexaware release said on Monday. Under the terms of the proposed investment by GA in Hexaware, the Rs 300.20 crores investment would be through preferential allotment of 14.99 per cent equity stake post conversion. The allotment will be in the form of 10.57 million equity shares and 1.056 million optionally convertible preference shares amounting to Rs 150.20 crores and Rs 150 crores
The proceeds of the allotment will be utilised to create infrastructural assets, enable suitable acquisitions and to meet working capital needs of the company, a Hexaware release said on Monday. Under the terms of the proposed investment by GA in Hexaware, the Rs 300.20 crores investment would be through preferential allotment of 14.99 per cent equity stake post conversion. The allotment will be in the form of 10.57 million equity shares and 1.056 million optionally convertible preference shares amounting to Rs 150.20 crores and Rs 150 crores