Carlyle sells Indian publishing co stake to pvt equity consortium

HONG KONG, July 4 Mon Jul 4, 2011 5:21am EDT

HONG KONG, July 4 (Reuters) - Carlyle Group said on Monday it has sold its majority stake in Indian publishing services company Newgen Knowledge Works Pvt Ltd for an undisclosed amount to a consortium of private equity and venture capital firms.

Carlyle said it sold the stake, held since 2004 in Chennai-based Newgen, to private equity funds Franklin Templeton Private Equity Strategy and Aureos South Asia Fund, and venture and growth capital fund ePlanet Capital. (Reporting by Stephen Aldred; Editing by Jacqueline Wong)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.