MoneyWorks4Me

HCL Technologies’ promoter company sells 1.44% stake for Rs 500 crore

05 May 2012 Evaluate

HCL Technologies’ promoter company Slocum Investments has sold 1.44% stake in the IT firm for over Rs 500 crore through an open market transaction. Slocum Investments (Delhi) has offloaded 1 crore shares of the company for Rs 500.15 apiece, valuing the deal to Rs 500.15 crore.

Meanwhile, RBOS has purchased 81.19 lakh shares of HCL Technologies for Rs 500 apiece in a deal worth Rs 405.95 crore. As of March quarter, Slocum Investments held 32.19 crore shares or 46.51% stake in HCL Technologies.

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO.

Peers
Company Name CMP
TCS 2108.95
Infosys 1021.50
HCL Technologies 1205.00
Wipro 162.35
Tech Mahindra 1532.55
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