HCL Infosystems’ arm concludes sell of HCL Insys

18 Nov 2019 Evaluate

HCL Infosystems’ wholly owned subsidiary-- HCL Learning has concluded the sale of entire shareholding of its wholly owned subsidiary HCL Insys, Singapore on November 15, 2019 to PCCW Solutions, Hong Kong for a consideration of SGD 57,628,787.

The investment of HCL Insys, in its subsidiary, namely Nurture Technologies FZE (formerly known as HCL Infosystems MEA FZE) was excluded from the transaction along with the trading business carried out by HCL Insys which was carved out before transfer of the entity. Both were transferred to HCL Investments, a wholly owned step down subsidiary of HCL Infotech.

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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