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Carlyle sells Indian publishing co stake to pvt equity consortium
July 4, 2011 / 9:22 AM / 6 years ago

Carlyle sells Indian publishing co stake to pvt equity consortium

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)

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