Apax Partners buys small stake in KPIT Tech from Cummins

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Global private equity investor Apax Partners has picked up approximately 1.7 per cent stake in Pune-based IT consulting and product engineering solutions and services firm KPIT Technologies Ltd (formerly KPIT Cummins Infosystems) for Rs 55.3 crore ($9 million).The transaction was done through Apax’s direct public market investments vehicle Apax Partners Europe ......