First Carlyle buys shares of Infotech worth Rs 211 crore

First Carlyle Ventures Mauritius (FCVM), a global private equity firm belonging to the Carlyle Group, acquired 1.10 crore shares of engineering services provider Infotech Enterprises for Rs 211 crore through open market transactions.

FCVM bought 76,98,817 shares of Infotech Enterprises on the NSE and also purchased 34,00,599 shares of the

Hyderabad-based company on the BSE, according to bulk information available with the stock exchanges.

[caption id=“attachment_374905” align=“alignleft” width=“380”]  Reuters[/caption]

The shares were purchased at Rs 190 apiece, valuing the deal to Rs 211 crore, it added. Meanwhile, Kotak India Focus Fund, a shareholder of Infotech Enterprises, offloaded 15 lakh shares of the company for Rs 28.50 crore.

Kotak India Focus Fund held 2,935,098 shares, or 2.63 percent, stake in Infotech Enterprises as of March quarter.

Shares of the company today closed 2.62 percent higher at Rs 188.05 apiece on the BSE

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