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HCL divests NHST stake to NEC

28 Mar 2013 Evaluate

HCL Technologies (HCL), a leading global IT services provider, has divested its entire (49%) stake in NEC HCL System Technologies (NHST), a joint venture between HCL Technologies and NEC Corporation, a leading provider of internet, broadband network and enterprise business solutions. NEC has agreed to buy the stake for an all cash consideration of $12 million.

The company formed the joint venture with NEC in 2005. HCL and NHST have been providing software engineering solutions in embedded software, hardware design, network & security, R&D, high performance computing and mobile technology to NEC and its subsidiaries. Taking this relationship forward, HCL and NEC will keep maintaining a viable relationship.

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 Technologies Share Price

1034.90 -37.10 (-3.46%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
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