MUMBAI : Baring Private Equity Asia (BPEA) on Monday sold a 3.14% equity stake in IT services firm Coforge Ltd, aggregating to ₹616 crore via an open market transaction. According to the latest shareholding pattern Hulst BV held 63.99% stake or about 3.88 crore equity shares in Coforge. In October, Hulst BV had sold 6.27% or 29 lakh shares in Coforge for ₹2310.56 per share totalling ₹878 crore. Revenue from operations rose 13.7% to ₹1,261.5 crore in the January-March quarter of 2021 over ₹1109.30 crore in the year-ago period. From the beginning of the calendar year, shares of Coforge have gained 19.06% against a rise of 3.67% in the benchmark index, Sensex.

Source: Mint May 10, 2021 17:03 UTC