Carlyle picks JPMorgan, Kotak to help arrange Hexaware IPO: Report

Carlyle Group Inc. has selected JPMorgan Chase & Co. and Kotak Mahindra Bank to help arrange Hexaware Technologies Ltd.’s planned initial public offering in Mumbai this year, according to people familiar with the matter.

The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.