HCL Technologies has increased the limit for the purchase of the equity shares of the company under Portfolio Investment Scheme (under Foreign Exchange Management Act, 1999) by Foreign Institutional Investors (FIIs), through primary market and stock exchanges, up to 30% of the paid up capital of the company.
The said enhanced limit is with effect from October 11, 2012 as notified by the Reserve Bank of India.
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO.
