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13-May2019

HCL Technologies gains on getting nod to merge four subsidiaries with itself

HCL Technologies is currently trading at Rs. 1095.80, up by 9.75 points or 0.90% from its previous closing of Rs. 1086.05 on the BSE.

The scrip opened at Rs. 1085.50 and has touched a high and low of Rs. 1100.80 and Rs. 1079.85 respectively. So far 29510 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1190.00 on 30-Apr-2019 and a 52 week low of Rs. 880.00 on 05-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1149.00 and Rs. 1074.45 respectively. The current market cap of the company is Rs. 148654.95 crore.

The promoters holding in the company stood at 60.00%, while Institutions and Non-Institutions held 36.42% and 3.58% respectively.

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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