JSA, SAM, Ropes lead on Baring PE acquisition of NIIT Tech for 2,627 crores

Baring Private Equity Asia (BPEA) is buying about 30% stake in mid-sized IT services firm NIIT Technologies from NIIT Ltd and other promoter entities for about ₹2,627 crore and make an open offer thereafter to increase it stake up to 56% for total consideration ₹4,890 crore.