Mumbai, Feb. 21 :
Mumbai, Feb. 21:
In a major restructuring move aimed at making it a focused software education and training company, Aptech Ltd is hiving off its software business to Hexaware Technologies, a group firm.
A communication issued by Aptech to the stock exchanges today said the board will meet on February 27 to consider the proposal of 're-structuring/demerger of the business(es) of the company and merger/amalgamation of the software business with Hexaware Technologies Ltd.'
Aptech added that the restructuring intends to develop two separate entities, with one engaged in training and another in software.
'The board will consider the issues arising as a result of the proposed business restructuring and other related matters,' the notice added. The board will discuss the issue in addition to considering the audited financial results of the company for the year ended December 31, 2000 and recommendation of dividend.





