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Carlyle buys 10% in Infotech Enterprises for $37.9 mn

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New Delhi: U.S. private equity firm Carlyle Group has bought about 10 per cent 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.

 

Copyright @ Thomson Reuters 2012

Story first published on: July 12, 2012 10:46 (IST)

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