News & Notifications

Update from Aptech Limited

October 31, 2009

Aptech has been informed by BJB Career Education Company Ltd (BJBC) subsequent to the filing of the F1 document with the Securities and Exchange Commission, USA, for a proposed IPO in the New York Stock Exchange, about the following developments:

BJBC and BJBC's stakeholders have decided not to move forward with the offering at this time and will revisit the IPO at a later date.
BJBC is focused on executing their strategy, capitalizing on the upturn in their business and the stakeholders believe this decision is in the best interests of the Company, the current shareholders, as well as future public shareholders.
BJBC is currently cash rich and highly cash generative, but believes that an IPO in the future is an important step in its corporate development and long-term strategy.

Issued by:

Sonia Narula
Senior Vice-President (Corporate Communication)
Aptech Limited

Date : 31st October, 2009.
Place : Mumbai.

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