Baring PE to acquire controlling stake in NIIT Tech through acquisition of ~30% stake from promotors and ~26% from open offer. In our view, the transaction will pave path for NIIT Tech and Hexaware consolidation. Possibility of relatively smoother transition and thus lower risk of near-term operational slippages sets this apart from L&T; and Mindtree deal. We expect NIIT Tech price to hover around the open offer price in near term while...