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ACE Software Exports has informed the BSE that its board of directors had approved a proposal for sale of investment in Ace Computer Education Pvt Ltd (ACEPL) held by the company. Currently, the company holds 240 equity shares of ₹100 each aggregating to ₹24,000 in ACEPL. The shares are to be sold to existing members of ACEPL at fair market value and at arm’s length. The proposal has already been approved by the audit committee of the board of directors of the company. ACE Software’s shares of face value ₹10 each gained 4.88 per cent at ₹15.26 on the BSE.
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