Aptech Board OKs Increase in FII Limit

The board of directors of Aptech has approved an increase in

the permissible FII investment limit from the existing 24% to 74% of the paid-up

capital of the company. The decision is subject to the approval of the company's

shareholders, for which the board approved the convening of an extraordinary

general meeting of the company in December. The new board of directors is led by

its chairman, Rakesh Jhunjhunwala, a leading equity investor in India. Pramod

Khera is the CEO and managing director of Aptech.