Hinduja Ventures has received an approval for investment of Rs 7.946 crore in Hinduja Leyland Finance (HLFL) through rights issue. The Investment Committee on September 04, 2017 and Board of directors of the company at its meeting held on September 14, 2017 has approved for the same.
The company’s shareholding after the rights issue will increase to 2.29 crore equity shares (from 2.21 crore equity shares), which would be equivalent to 5.23% on the enhanced equity paid-up capital of HLFL.
Formerly known as Hinduja TMT, Hinduja Ventures is part of the Hinduja Group companies. It is an outsourcing company that provides IT services and BPO/contact center services to customers.
