Carlyle affiliate to sell up to $1.2b stake in Hexaware Tech's India IPO

Carlyle affiliate to sell up to $1.2b stake in Hexaware Tech's India IPO

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

Carlyle Group affiliate, CA Magnum Holdings, plans to sell shares worth 99.5 billion rupees ($1.2 billion) in the upcoming IPO of Hexaware Technologies, according to draft papers filed on Friday.