Axis-IT&T has received an approval for restructuring of the company with an objective to streamline its operations and enhance operational efficiencies. The company has received an approval for restructuring at its board meeting held on June 08, 2011.
The company is evaluating various options for the purpose of the proposed restructuring exercise and will decide and update the exchanges on the most beneficial and effective mode of restructuring its business. Further, the board has approved the appointment of PricewaterhouseCoopers, Bangalore as its corporate advisors for the purpose of the proposed restructuring exercise.
Axis-IT&T, formerly known as Axis Inc, offers comprehensive engineering services in mechanical, manufacturing and embedded electronics engineering. The company's clients include several Fortune 50 companies in the aerospace, aviation, automotive, manufacturing, military, semiconductor and medical industries.
