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HCL Infosystems shines on acquiring 40% stake in MEA FZCo

09 Aug 2012 Evaluate

HCL Infosystems is currently trading at Rs. 39.50, up by 0.55 points or 1.41% from its previous closing of Rs. 38.95 on the BSE.

The scrip opened at Rs. 38.90 and has touched a high and low of Rs. 39.85 and Rs. 38.90 respectively. So far 35843 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 77.95 on 11-Aug-2011 and a 52 week low of Rs. 37.15 on 31-Jul-2012.

Last one week high and low of the scrip stood at Rs. 40.00 and Rs. 38.65 respectively. The current market cap of the company is Rs. 875.92 crore.

The promoters holding in the company stood at 50.77% while Institutions and Non-Institutions held 31.38% and 17.85% respectively.

HCL Infosystems, India’s premier hardware, services and ICT Systems Integration and Distribution Company has bought the remaining 40% stake held by the NTS Group in HCL Infosystems MEA FZCo. The company through its Singapore based wholly owned subsidiary HCL Insys, has bought the stake in HCL Infosystems MEA FZCo.

Following the transfer of shares, the FZCo shall be converted into a FZE (free zone establishment) owned solely by HCL Insys, Singapore. HCL Infosystems MEA FZCo now becomes a wholly owned subsidiary of HCL Infosystems.

NTS Holding BVI was a leading IT services and Solutions Company based in Dubai. Earlier, the HCL Infosystem had acquired 60% of NTS Group holding in MEA FZCo in 2010 to expand its global footprint in the Middle East and African market with direct operations to address the system integration and services need in these regions.

HCL Infosystems is one of the leading ICT system integrator and distribution company. It has wide range of products and services such as IT products, solutions and related services, which include PCs, servers, imaging, voice and video solutions, networking products, TV and FM broadcasting solutions, communication solutions, system integration, ICT education and training, digital lifestyle solutions and peripherals.

HCL Infosystems Share Price

13.07 -0.03 (-0.23%)
17-Apr-2026 16:59 View Price Chart
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