Hexaware Technologies files DRHP for Rs 9,950 crore IPO

Hexaware Technologies, a Mumbai-based IT firm backed by Carlyle Group, has filed its draft red herring prospectus with Sebi for a Rs 9,950 crore IPO. This offering is entirely an offer for sale by CA Magnum Holdings. Proceeds from the IPO will go to the selling shareholder instead of Hexaware.