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Baring Private Equity Asia planned a controlling stake purchase in an outsourcing firm in India. Baring intended to buy Hexaware Technologies for INR1.6 million. The company would also buy out lead promoters in Hexaware. These promoters include GA Global Investment Ltd and Atul Nishar. Both have a total share of 41.8% stake in Baring equivalent to INR126 or INR35 per share piece. The company would buy Hexaware from General Atlantic. The acquisition was for 27.7% stake and General Atlantic's 14.1% stake.

Mandatory tender offer would be made by Baring after series of post buyout. This would make its investors receive 26% of the company at INR135 per share piece. Atul Nishar would continue as the non-executive chairman of Hexaware. Meanwhile PR Changrasekar would also continue his position as the company's CEO.

According to a filing, the two companies had appointed Morgan Stanley to head the buyout.  Credit Suisse acted as co-advisor while General Atlantic AZB & Partners acted as legal counsel for the sellers.