HCL Infosystems shines as its arm concludes sell of HCL Insys

18 Nov 2019 Evaluate

HCL Infosystems is currently trading at Rs. 8.19, up by 0.86 points or 11.73% from its previous closing of Rs. 7.33 on the BSE.

The scrip opened at Rs. 7.90 and has touched a high and low of Rs. 8.30 and Rs. 7.81 respectively. So far 57402 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 27.50 on 22-Nov-2018 and a 52 week low of Rs. 5.94 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 8.30 and Rs. 7.00 respectively. The current market cap of the company is Rs. 262.38 crore.

The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 2.33% and 34.77% respectively.

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.

 

HCL Infosystems Share Price

16.90 -0.63 (-3.59%)
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