PE firm Carlyle buys 10 percent in Infotech Enterprises

PE firm Carlyle buys 10 percent in Infotech Enterprises

FP Archives December 20, 2014, 10:12:40 IST

Carlyle bought about 11.1 million shares at an average price of Rs 190 a share through its unit One Carlyle Ventures Mauritius

Advertisement
PE firm Carlyle buys 10 percent in Infotech Enterprises

US private equity firm Carlyle Group has bought about 10 percent stake in Indian IT services firm Infotech Enterprises for about $37.93 million, exchange data showed.

Carlyle bought about 11.1 million shares at an average price of Rs 190 a share through its unit One Carlyle Ventures Mauritius, according to the exchange data.

Advertisement

Carlyle, which has assets worth $159 billion under management globally, has invested $800 million in India so far, including investments in top mortgage lender Housing Development Finance Corp , India Infoline and Edelweiss Financial Services.

Reuters

Written by FP Archives

see more

Latest News

Find us on YouTube

Subscribe

Top Shows

Vantage First Sports Fast and Factual Between The Lines