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Sonata to hive off Indian operations

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CIOL Bureau
New Update

BANGALORE: India's Sonata Software Ltd. said on Wednesday that it has decided

to spin off its local operations comprising product reselling, IT consulting and

business solutions into a wholly-owned subsidiary.

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The spin-off will be subject to approval of shareholders, it said in a

statement.

The Sonata shares were trading Rs 41.85 higher at Rs 577.90 at the Bombay

Stock Exchange in early deals.

(C) Reuters Limited 2000.

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