Promoters, early investors reboard their companies
Even as cofounder of Spicejet, Ajay Singh, is busy reorganizing the business of the cashstrapped airline, original promoters of Integra Software Services have increased their stake and early investors in NewGen Knowledge Works have made a comeback.
US private equity (PE) fund Carlyle has reinvested in Chennaibased NewGen, a content management, and technology solutions provider across digital media after just three years. Carlyle, which first invested $9.3 million for a majority stake in NewGen in 2004, more than tripled its investment when it exited the firm in 2011.
