New Delhi, Aug 24 (PTI) Hulst BV, an affiliate of private equity firm BPEA EQT on Thursday divested its entire 26.63 per cent stake in Coforge Ltd (formerly NIIT Technologies) for Rs 7,683 crore through an open market transaction.

The Netherlands-registered Hulst BV is owned and controlled by funds affiliated with BPEA EQT (formerly known as Baring Private Equity Asia).

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HDFC Mutual Fund (MF), Aditya Birla Sun Life MF, Kotak Mahindra MF, SBI MF, Morgan Stanley Asia Singapore, ICICI Prudential Life Insurance Company, SmallCap World Fund Inc and Societe Generale were among the buyers of the shares of Coforge.

According to the bulk deal data available with the NSE, Hulst BV offloaded 1,62,71,260 shares, amounting to a 26.63 per cent stake in Coforge.

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The shares were sold at an average price of Rs 4,722.15 apiece, taking the aggregate transaction size to Rs 7,683.53 crore.

At the end of June quarter, Hulst BV held more than 1.62 crore shares which is equivalent to 26.63 per cent stake in Coforge.

On Thursday, shares of Coforge zoomed 9.40 per cent to close at Rs 5,375 apiece on the NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)