Teledata Info rises on split move

DALAL STREET SPIKES

Teledata Informatics jumped 12 per cent to Rs 17.60, after the firm said it plans to split into three. The stock rose on a heavy volumes of 42.7 lakh shares on the BSE.

The scrip had surged in late-September"� early October, but could not maintain its gains. It had declined to Rs 13.30 on October 20 from Rs 16.51 on October 3. It has moved in the Rs 13.70-16.40 range since late October 2006.

Teledata plans to split the company into three separate entities, each focussing on a specific business.

The three entities will be Teledata Marine Solutions, Teledata Technology Solutions and Teledata Informatics.