India: CCI okays PE firm Carlyle’s $3b Hexaware bid

India: CCI okays PE firm Carlyle’s $3b Hexaware bid

FILE PHOTO: The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato

The Competition Commission of India (CCI) on Tuesday approved global private equity firm Carlyle Group’s bid to acquire Baring Private Equity Asia’s (BPEA) Indian portfolio Hexaware Technologies. The deal is expected to be in the range of $3 billion.