Cyient Ltd.

Carlyle Group, the US-based private equity firm has acquired 10 percent stake in Indian IT services firm Infotech Enterprises for Rs 210 crore. The Carlyle Group has purchased about 11.1 million shares at an average price of Rs 190 a share through its unit One Carlyle Ventures Mauritius.

The key sellers of the holding acquired by Carlyle were Kotak India Fund, American Funds Insurance and Small Cap World Funds. So far, Carlyle has invested $800 million in India, which includes investment in top mortgage lender Housing Development Finance Corp, India Infoline and Edelweiss Financial Services.

Infotech Enterprise is a leading global engineering service company. The company provides services to a wide range of industries - aerospace, rail, automotive, marine, energy, plant engineering, utilities, telecom (operators), government, retail, consumer electronics, medical electronics, semiconductor telecom (manufacturers) and computing industries.