Aurionpro Shares Upticks Nearly 2% On The Back Of Demerger

The board of directors of Aurionpro has approved the demerger of its non-core business division into its wholly owned subsidiary Trejhara Solutions Ltd subject to the receipt of requisite approvals. The turnover of the demerged version is Rs 143.95 crores. The percentage of the turnover of the demerged division to the total turnover of the company stands at 20%.

The rationale behind the demerger was because the core business and the demerged business has different risk profiles and growth opportunities. The business would require undiluted management bandwidth to execute the respective vision.

Therefore the demerged business may be transferred to separate company and whose shares would also be listed on the stock exchange after the demerger.   

BSE IT index is trading in negative territory weak by over 12 points or 0.12% at 9907 levels.
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