Aurionpro Solutions has informed the exchanges that it has completed the sale of its IT services business in the US to Saicon Consultants Inc, a leading professional services company. Aurionpro Solutions said the sale comes into effect immediately. The sale is in line with its strategic direction to accelerate revenue growth of its high margin core businesses and divest non-core businesses. The deal allows the company to focus and grow its three core IP-centric businesses - digital innovation, enterprise security and industry solutions for banking and logistics. The sold IT services business for the US generated approximately ₹93 crore for the first nine months of financial year ended March 31, 2016. The sale is concluded by Aurionpro Solutions Inc, a wholly owned US arm of the company for a price of about $10 million or ₹66 crore. The payment include upfront payments and deferred payments. The proceeds of the sale will be used towards working capital and accelerating debt reduction. Shares of Aurionpro Solutions jumped 8.3 per cent at ₹142.40 on the BSE.

Sakthi Finance has informed BSE that the public issue of secured, redeemable, non-convertible debentures (NCDs) up to ₹100 crore opens on April 7 and closes on May 6. The isssue also has an option to retain over-subscription of up to ₹l00 crore, aggregating to ₹200 crore. The stock of Sakthi Finance closed at ₹19.15, down 2.3 per cent on the BSE.

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