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13-May2019

HCL Technologies to merge four subsidiaries with itself

HCL Technologies has received an approval for a scheme of amalgamation for the merger of its direct / step-down wholly-owned subsidiaries, viz. HCL Comnet, HCL Eagle, HCL Technologies Solutions and Concept2silicion Systems (Transferor Companies) with and into the company. The Board of Directors of the company in its meeting held on May 9, 2019, approved the same.

The Scheme has also been approved by the Board of Directors of the Transferor Companies in their respective meetings held on May 10, 2019. The Scheme is conditional upon and subject to necessary statutory and regulatory approvals under applicable laws, including the approval of the jurisdictional National Company Law Tribunal(s) in India.

HCL Technologies is a leading global IT services company that helps global enterprises re- imagine and transform their businesses through digital technology transformation.


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