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Aptech receives dividend amounting Rs 50.30 crore from BJB Career Education

30 Jun 2011 Evaluate

Aptech, the global career education and training company’s wholly owned subsidiary company has received a dividend of an amount of $11,202,479 or equivalent to approximately Rs 50.3 crore from BJB Career Education Co of China. Aptech owns 22.4 percent stake in BJB Career Education, which is the leading vocational training company of China in the field of information technology.

Aptech's balancesheet has been substantially strengthened with the receipt of Rs 50.3 crore now and Rs 32.6 crore in February 2011 as dividend from BJB Career Education. The company now has sufficient internal resources to invest in growing its existing businesses and explore newer growth opportunities. The company had cash and cash equivalents of Rs 47 crore and current investments of Rs 10 crore without any debt on its balancesheet, as at the end of fiscal year 2010-11.

Aptech is provider of learning solutions to retail and corporate client across the world. The company operates two business segment retail and non retail. The retail segment consists of global information technology (IT), multimedia training and N-Power. Under this it has created brands like ACE (Aptech computer education), Arena animation, Avalon Academy, N-Power (hardware and networking) and Aptech Worldwide. Its non retail segment encompasses government projects and training solutions.

Aptech Share Price

92.33 -0.42 (-0.45%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Excelsoft Technologi 91.45
Aptech 92.33
NIIT 72.03
Compucom Software 14.22
Jetking Infotrain 127.50
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