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.
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.
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