HCL Technologies Ltd.

HCL Technologies’ promoter company Slocum Investments has sold 1.44% stake in the IT firm for over Rs 500 crore through an open market transaction. Slocum Investments (Delhi) has offloaded 1 crore shares of the company for Rs 500.15 apiece, valuing the deal to Rs 500.15 crore.

Meanwhile, RBOS has purchased 81.19 lakh shares of HCL Technologies for Rs 500 apiece in a deal worth Rs 405.95 crore. As of March quarter, Slocum Investments held 32.19 crore shares or 46.51% stake in HCL Technologies.

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.