Mumbai, May 29: Aptech Ltd is to acquire education and training business of Chennai-based SSI Ltd in a cash-equity deal for an undisclosed amount. The board gave nod to issue new shares through domestic or international offering up to $100 million, subject to shareholders approval.
The board gave nod to acquire SSI's education and training business through negotiations for consideration payable in cash or by way of issue of equity shares, the company informed the Stock Exchange Mumbai, (BSE) on Wednesday.
The company would issue new shares / securities through private or public offering in domestic and international markets for aggregate amount up to Rs 100 crore or $100 million respectively. Bureau Report