Baring PE on April 5 announced the acquisition of a 30 percent stake in NIIT Technologies (NIIT). Experts believe this opens up the possibility of the PE firm considering a merger of NIIT with Hexaware, another Mumbai-based mid-cap IT company in which it owns a majority stake. A merger would prove beneficial for both the companies, experts said.
Yugal Joshi, Vice President, Everest Group, a management consultancy firm said, both are small vendors and will benefit from this combination given the portfolio are complementary.
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