CALCUTTA, June 23: Pertech Computers Ltd (PCL) has decided to hive off two key divisions to newly set-up subsidiaries and "assigned" an outsider firm Webel Carbon & Metal Film Resistors the implementation of a computer manufacturing project.

The Rs 624-crore Dadan Bhai company will soon float a new software outfit, PCL Software Ltd, which will now independently handle the operations of the software export division. The activities of the solution provider division will be transferred to another wholly-owned subsidiary, PCL Systems Ltd.

The restructuring exercise will, in effect, transform PCL into a marketing outfit, as it will be primarily involved in distribution and marketing functions.

PCL had raised Rs 72 crore through an equity offering in August 1994 to part-finance the software export project and a computer manufacturing plant. But the company later decided to re-route Rs 26.33 crore raised for the computer project towards software export, citing favourable government policies on software export.

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