Meanwhile, the BSE Sensex was down 373.76 points, or 2.98%, to 12146.85. Asian stocks fell today, 6 October 2008, led by shares of exporters, after a hectic weekend in Europe as the financial crisis gathered steam there, knocking the euro to the lowest in a year.

On BSE, 28,910 shares were traded in the counter. The scrip had an average daily volume of 17,384 shares in the past one quarter.

The stock had a 52-week high of Rs 106.65 on 5 October 2007 and a 52-week low of Rs 34.60 on 25 March 2008.

The scrip had outperformed the market over the past one month till 3 October 2008, soaring 14.34% compared to the Sensex's 16.77% fall. It had also outperformed the market in the past one quarter, rising 0.51% compared to Sensex's 4.34% decline.

The small-cap IT services firm has an equity capital of Rs 111.36 crore. Face value per share is Rs 10.

The current price of Rs 62.35 discounts its Q1 June 2008 annualised EPS of Rs 2.69, by a PE multiple of 23.17.

As part of the deal, Xchanging would pay Rs 371.20 crore in cash and issue 1.52 crore shares of the firm to Cambridge. These shares would account for seven per cent of Xchanging's current issued ordinary share capital, Xchanging said in a statement on Friday, 3 October 2008.

Meanwhile, in compliance with regulations, Xchanging would make an open offer to acquire up to 20% stake in Cambridge.

According to reports, the UK firm would be paying about Rs 81 for each share of Cambridge. This would be a premium of 29.91% over the company's prevailing price of Rs 62.35 on the Bombay Stock Exchange.

Cambridge Solutions’ net profit slipped 56.46% to Rs 7.48 crore on a 40.12% rise in sales to Rs 67.30 crore in Q1 June 2008 over Q4 March 2008.

Cambridge Solutions provides software solutions for industries that include insurance, financial services, government, manufacturing, logistics, public services, and emerging markets such as real estate, healthcare, media, and entertainment.