Carlyle to take up 20 % stake in Chennai’s Allsec

Allsec Technologies, one of Chennai’s earliest contact centres and a leading Indian third-party voice-based BPO service provider has received a non-binding indicative proposal from Fisrt Carlyle Ventures Mauritius, a global private equity firm, for subscribing close to 30.22 lakh equity shares at a price of Rs 260/- per share on a preferential basis.

Carlyle Asia Growth Partners III invests in fast growing companies across industry sectors at an expansionary stage with solid growth track records in China, India, Japan and Korea.

The stock, after hitting a low of Rs 167.30 on 13 June due to selling pressure in a weak market, appreciated to Rs 196.80 on 22 June only to slip and rise again, under bouts of buying and selling in a volatile market, to Rs 198.95 on 26 July 2006.Allsec Technologies jumped 13.09%, to Rs 225, today on informing about an investment proposal from Carlyle Ventures, Mauritius.At current market price of around Rs 225, the offer price is at a premium of Rs 35.

(with inputs from ET and www.capitalmarket.com)

1 Comment so far

  1. KVB (unregistered) on July 28th, 2006 @ 3:50 am

    If I am correct, Fisrt Carlyle Ventures Mauritius is a subsidary of Carlyle Group, where George W Bush Senior and Saudi King are Directors and partners in that.



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