A total of 58,583 shares were traded on the BSE.

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 received a non-binding indicative proposal from First Carlyle Ventures, Mauritius, a global private equity firm, for subscribing to 3,021,685 equity shares of the company of Rs 10 each, at a price of Rs 260 per equity share, amounting to around Rs 78.56 crore by way of a preferential allotment. Carlyle Asia Growth Partners is the third fund managed by Carlyle Asia Growth Capital group, which has an aggregate committed capital of $ 1 billion.

At current market price of around Rs 225, the offer price is at a premium of Rs 35.

Further, the company proposes to raise capital for acquisitions in the BPO space in the US, UK, Australia and India and for expansion of its delivery capabilities.

In February, Allsec Technologies entered into a strategic alliance with SalesForce of Australia.

Earlier this calendar year, Allsec Technologies, a Chennai-based BPO firm acquired B2K Corp, a Bangalore-based knowledge process-outsourcing firm in an all-cash deal. B2K is an integrated contact-center with a 600 seat, 51,000 square feet facility located in Whitefield, Bangalore, and provides technical support.

Allsec Technologies registered a net profit growth of 71% to Rs 6.78 crore in Q1 June 2006 compared to Rs 3.96 crore in Q1 June 2005. Net sales during the period increased from Rs 18.28 crore to Rs 27.66 crore.