Hong Kong-based Baring plans to invest $3 bn in India in the coming months
Hexaware provides automation, cloud and customer services-related technology to a wide range of industries including finance, education, hospitality and manufacturing.
The loan will be used for the delisting of Hexaware and for repaying bonds for Baring's shareholding vehicle, HT Global IT Solutions Holdings
The PE firm's move to buy 30% stake in NIIT Technologies is a reflection of this new trend in the infotech space
The shares were sold at around at Rs 448 apiece, helping Baring PE raise Rs 11.2 billion
The company has completed investing its third fund, to the tune of $530 million, which is expected to be closed by 2018