Mumbai, June 8 :    Mumbai, June 8:  The board of Aptech Ltd today approved a restructuring proposal that will create two separate listed companies for its software and training business. 'Hexaware Technologies Ltd (HTL) will be merged into Aptech's software business while the training business will retain the Aptech brand,' chairman Atul Nishar said. After the restructuring, Aptech shareholders will get 60 shares of Aptech training and 40 shares of Aptech Software in lieu of 100 shares held of the company when the two businesses are listed separately. HTL shareholders having three shares (Rs 5 each) will get one share of Aptech Software (Rs 10 each), he said. The entire restructuring process, subject to statutory approvals, was expected to take about four to six 6 months. Post restructuring, the equity of Aptech Training will be Rs 18.15 crore while it will be Rs 22.09 crore for Aptech Hexaware Software. The company (HTL) has posted a net profit of Rs 27 crore with revenues pegged at Rs 104 crore in fiscal ended December 2000 The Aptech restructuring proposal was greeted by the stock exchanges and the scrip spurted 12.03 per cent on the Bombay Stock Exchange today. The scrip which opened at Rs 104 rose to an intra-day high of Rs 117.70 before closing at Rs 115.45. The counter witnessed 10,030 trades resulting in a turnover of Rs 15.45 crore.