PE firm Carlyle buys 10 percent in Infotech Enterprises

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

FP Archives|Dec 20, 2014, 10:12:40 IST

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.

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.

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