HCL Infosystems is currently trading at Rs. 53.55, down by 0.45 points or 0.83% from its previous closing of Rs. 54.00 on the BSE.
The scrip opened at Rs. 54.15 and has touched a high and low of Rs. 54.90 and Rs. 53.40 respectively. So far 172623 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 69.55 on 14-Feb-2018 and a 52 week low of Rs. 39.80 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 55.80 and Rs. 52.35 respectively. The current market cap of the company is Rs. 1769.50 crore.
The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 3.03% and 34.08% respectively.
HCL Infosystems has decided to terminate the deal entered with Axis Investment Incorporated to sell its step-down subsidiary. Since the buyer has failed to pay the consideration, which is a breach of warranty, HCL Insys has decided to terminate the Share Purchase Agreement (SPA).
Earlier in February 2018, the company’s subsidiary HCL Insys, Singapore had decided to sell its entire investments in its subsidiary namely HCL Infosystems MEA FZE (HCL MEA) along with step down subsidiary of HCL MEA to Axis Investment Incorporated. The closure of transaction was subject to certain conditions precedent as specified in the SPA.
HCL Infosystems is one of India’s premier IT Services, Distribution and Digital Solutions Company, enabling organizations to attain and sustain competitive advantage by leveraging Information and Communication Technologies.
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