Carlyle Group picks 9% stake in India Infoline

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Carlyle Group picks 9% stake in India Infoline
In a filing on the Bombay Stock Exchange, India Infoline, one of the largest financial group in India, stated ""The Carlyle Group acquires 9% stake in India Infoline".

India Infoline is present in range of finanicial services business covering equity brokerahe, insurance distribution and wealth management.

And Carlyle Group is an asset management company and it specializes in Private Equity investments.

Nirmal Jain, Chairman IIFL said, "We hope to leveraghe our relationship with Carlyle to continuously and expand internationally."

Meanwhile, Devinjit Singh, Managing Director of The Carlyle Group said, "We look forward to supporting the company's growth plans including expansion of their financing and international business."

Story first published: Friday, October 7, 2011, 12:10 [IST]
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