HCL Technologies’ (HCL Tech) step-down wholly owned subsidiary -- HCL Investments UK (HCL UK) has entered into a pact with US company and joint venture partner State Street International Holdings to divest its entire 49% holding in their JV.
The proceeds received by HCL UK, for divestment of the JV, termination of agreement for related services and settlement of certain contractual commitments, is $172.5 million in addition to net book value on the completion date (less applicable withholding tax). The transaction was completed effective April 1, 2024.
HCL Technologies is a leading global IT services company that helps global enterprises reimagines and transforms their businesses through digital technology transformation.
| Company Name | CMP |
|---|---|
| TCS | 2567.75 |
| Infosys | 1311.90 |
| HCL Tech. | 1428.60 |
| Wipro | 203.35 |
| Tech Mahindra | 1507.00 |
| View more.. | |
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