Carlyle buys 10% stake in India's Infotech Enterprises
The Carlyle Group has bought a 9.96% stake in Infotech Enterprises, a publicly listed IT firm based in Hyderabad. The investment reportedly facilitates the exit of Kotak India Fund, American Funds Insurance and Small Cap World Funds.
According The Economic Times, Carlyle paid INR190 a share for a total consideration of INR2.1 billion ($37 million). Kotak India Fund, American Funds Insurance and Small Cap World Funds respectively...
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