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July 26, 2000
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Aptech GDS priced at $7.175

The board of directors of Aptech Limited has decided to issue 12,020,906 global depository shares, including greenshoe option, at $7.175 each, aggregating to $86.25 million.

The move was in accordance with the approval obtained from the shareholders of the company, Aptech said in a notice to stock exchanges.

Each GDS represents one-half of one new equity share (one domestic share is equal to two GDS), the company said.

The board has taken the decision at its meeting held at San Francisco, USA on July 25, 2000, it added.

PTI

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