Assisted Baring Private Equity Asia in the successful delisting of the equity shares of Hexaware Technologies Limited from the stock exchanges in India.
This is the only example of a fully sponsor backed successful take private transaction in India.
Successful delisting offers are rare in India on account of complex and one sided (in favour of minority shareholders) take private rules in India.
The transaction is also yet another significant acquisition by Baring Private Equity Asia in mid-tier IT sector companies in India.
JSA team comprised Lead Partner –Vikram Raghani & Partner – Anand Lakra.
A partner in JSA’s Mumbai office. His practice focuses on private and public M&A transactions, private equity and venture capital investments, capital market transactions, with a particular focus on securities law matters, publicly traded companies, take private/delisting offers and takeovers.