Shares of Blue Star Infotech slumped 20 per cent today after the company said Infogain Inc, a ChrysCapital portfolio company, will acquire its IT business for Rs 180.80 crore.
The stock nosedived 19.97 per cent to Rs 231.10 on the BSE.
At NSE, shares of the company dipped 19.98 per cent to Rs 231.35.
The combined entity will have a revenue of over USD 150 million, close to 4,000 employees and multiple global delivery centres, Blue Star Infotech Limited (BSIL) had said in a BSE filing.