Carlyle-backed Hexaware Tech files draft papers with Sebi for Rs 9,950 cr IPO

Hexaware Technologies, backed by Carlyle Group, has filed for a Rs 9,950 crore IPO with Sebi. The entire offering is an offer for sale by promoter CA Magnum Holdings. Hexaware aims to benefit from listing on stock exchanges. If successful, it will be the largest IT services IPO since TCS's in 2004.