Blue Star Infotech Plunges 20%, Announces Sale of IT Business

Shares of Blue Star Infotech fell nearly 20 per cent to Rs 231 after it announced the sale of its IT business. Infogain Inc, a portfolio company of private equity player ChrysCapital, with acquire the IT business of Blue Star Infotech and its subsidiaries in USA, UK and Singapore for Rs 180 crore. Blue Star Infotech will retain the real estate business and some other assets, the fair value of which is expected to be around Rs 96.7 ...