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Hinduja Ventures enters into agreements to hike stake in HLFL

17 Nov 2017 Evaluate

Hinduja Ventures has entered into a Share Purchase and Shareholders Agreement dated November 15, 2017 with Everfin Holdings, shareholder of Hinduja Leyland Finance (HLFL), for acquisition of 18,73,917 equity shares of Rs 10 each constituting 0.43% in the paid-up share capital of HLFL at a price of Rs 110 per share.

Consequent to the above, the company’s shareholding in HLFL will increase from 5.23% to 5.66% at an average price of Rs 26.98 per share.

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.


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