General Atlantic exits Infotech Enterprises for $36m
General Atlantic Partners – through its entity GA Global Investments – has sold 11.7 million shares, or a 10.48% stake, in Infotech Enterprises to Cyprus-based company Gagil FDI for INR2.01 billion ($36.2 million).
GA Global Investments - which originally held 12.38% in Infotech Enterprises - will own 1.9% after the transaction, according to a filing to the Bombay Stock Exchange. Established in 1991, Infotech Enterprises...
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