An affiliate of Barings Asia Private Equity has pledged its entire stake in Hexaware Technologies, barely a month after acquiring majority control of the mid-sized technology company, to help pay for the acquisition. HT Global IT Solutions Holdings owns more than 185 million Hexaware shares, giving it a 62% stake in the company. As of December 3, all those shares had been pledged, the fund said in a filing with the Bombay Stock Exchange. 

Source : http://economictimes.indiatimes.com/tech/ites/hexawares-new-owners-pledge-all-shares-with-standard-chartered-bank/articleshow/26871761.cms

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