Allied Digital Raises Rs 231.42 Cr Through QIP
Mumbai based Allied Digital Services Ltd raised Rs 231.42 cr by private placement of shares. The company alloted 4.9 mn shares at Rs 472.49 per share. The issue opened on Oct 14 and closed on Oct 16.
Allied Services operates as an IT infrastructure management and technical support outsourcing company. It has strategic alliance with companies such as IBM, Microsoft Corporation, Intel, NIIT among others.
The company has a market cap of Rs 11.6 bn and had posted a PAT of Rs 796.4 mn on revenues of Rs 5250.8 mn for the fiscal year 08/09.
Earlier in August, Allied had raised $50 mn through the QIP route.
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KVEZAR VIEW
DEAL TRACKER FOR
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 08/02/11 | Allied Digital - T Rowe Price (Stake Sale) | Private Equity | T. Rowe Price International Inc | 1.18 |
| 30/09/10 | Allied Digital - T Row Price | Private Equity | T. Rowe Price International Inc | - |
| 28/09/10 | Allied Digital - Intel Capital | Private Equity | Intel Capital India Technology Fund | 7.08 |
| 31/08/09 | Allied Digital Services QIP | IPO / Offerings | 47.34 | |
| 10/07/08 | En Pointe - Allied Digital Services | M&A | En Pointe Global Services Llc | 34.00 |
| 02/07/07 | Allied Digital Services Limited - IPO | IPO / Offerings | 21.13 |
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| 06/02/12 | M&A | Agni Property Services Private Limited | Looking For | - | Planned |
| 02/02/12 | M&A | Persistent Systems Limited | Location business | - | Completed |
| 31/01/12 | Private Equity | Tiger Global Management LLC | Flipkart Online Services Private Limited | 150.00 | Completed |
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Profiles
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Allied Digital Services Limited | Dhanus Technologies Limited | |||
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