The Hindu Business Line : First Carlyle open offer for 20 pc stake in Allsec

First Carlyle Ventures Mauritius (FCVM), a global private equity firm belonging to the Carlyle Group, has made an open offer to acquire a 20 per cent stake in Chennai-based Allsec Technologies, a contact centre and third-party voice-based business process outsourcing provider. This follows a preferential allotment of equity shares and warrants to First Carlyle Ventures by the company recently.

Allsec had received a non-binding indicative proposal from FCVM subscribing to 30.21 lakh equity shares of the company of Rs 10 each at a price of Rs 260 per equity share amounting to Rs 78.56 crore by way of a preferential allotment.

Following this, Allsec made a preferential allotment of shares to FCVM of 30.21 lakh fully paid up equity shares of the face value of Rs 10 each representing 19.85 per cent of the post allotment paid up equity share of the company on a preferential allotment basis at a price of Rs 260 per share amounting to Rs 78.56 crore.

The preferential allotment also entailed an allotment to the acquirer of 1,60,728 warrants on a preferential allotment basis, representing 0.99 per cent of the post conversion fully diluted paid up equity shares of the company, amounting to Rs 4.17 crore.

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