Given the input sentence, please extract the subject and object containing a certain relation in the sentence according to the following relation types, in the format of "relation1: word1, word2; relation2: word3, word4". Relations include: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

In September last year, the Board of Mastek approved demerger of insurance products and services business into Minefields Computers Private Limited, renamed as Majesco followed by transfer of the offshore insurance operations by Majesco to Majesco Software and Solutions India, a wholly- owned subsidiary of MajescoMastek Insurance Software and Solutions.
industry: Mastek, Software