Baring Private Equity Asia (Baring PE) is likely to acquire NIIT Technologies Limited (NSEI:NIITTECH) in a deal that may value the NIIT at INR 80 billion – INR 100 billion, said two people with direct knowledge of the matter. Credit Suisse Group AG (SWX:CSGN) has been given the mandate by NIIT to find a suitable buyer, the people said, requesting anonymity. Baring PE Asia will first buy the 30.58% stake held by the promoters of NIIT Technologies. Baring PE Asia is likely to buy these stakes for about INR 25 billion, said the first person. A spokesperson for NIIT Technologies declined to comment. A spokesperson for Credit Suisse declined to comment, while an email sent to Baring PE Asia remained unanswered.