HCL Technologies Ltd.

HCL Technologies has received approval whereby the limit for purchase of the equity shares of the company under the Portfolio Investment Scheme, under Foreign Exchange Management Act 1999 by Foreign Institutional Investors (FII's) through primary market and stock exchanges is increased from 30% to 49% of the paid up equity share capital of the company. The said limit is increased with effect from October 31, 2013 as notified by the Reserve Bank of India (RBI).

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. On standalone basis, the company has reported 84.47% rise in its net profit at Rs 1290.97 crore for the first quarter ended September 30, 2013 as compared to Rs 699.84 crore for the same quarter in the previous year.  Total income of the company has increased by 44.43% at Rs 3958.08 crore for quarter under review as compared to Rs 2740.42 crore for the quarter ended September 30, 2012.