Carlyle may pick 20% in Allsec Tech

Allsec Technologies has received a non-binding indicative proposal from First Carlyle Ventures Mauritius, a global private equity firm, for subscribing to nearly 30.22 lakh equity shares at a price of Rs 260 per share on a preferential basis.

The equity dilution would enable Allsec to raise Rs 78.56 crore and the price offered has a premium of 30-35% over the current market price, reports Our Bureau in Chennai.

Carlyle’s proposal constitutes about 20% equity of Allsec. The move, as and when formally approved, will trigger an open offer for mopping up an additional 20% from the public.

Further, as part of the investment, it is also proposed that promoters A Saravanan and R Jagadish would be allotted close to 4.02 lakh warrants each and Carlyle would be allotted close to 1.61 lakh warrants.