Private equity giant Carlyle Group has acquired about 10% stake in Infotech Enterprises in a booster deal for India’s mid-tier IT services story.

Carlyle picked up shares through stock exchange transactions on Wednesday, joining another private equity investor General Atlantic Partners, which holds 12.39% stake in Infotech Enterprises. The two investors together control a stake almost equal to 22.82% promoter holding, setting stage for an interesting private equity play in the technology services company with $330 million revenue.

[…]