U.S. 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 190 rupees 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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
