Wednesday 27 January 2016

HCL Tech acquires 100% stake in HCL Training & Staffing Services

The company has acquired 100% stake in Point to Point Limited and Point to Point Products Limited (jointly referred to as P2P), the companies incorporated in UK, being a niche provider of complex workplace engineering services in the UK for cash of GBP 8.0 million. The details of the acquisition are enclosed as Annexure 1.


HCL Technologies Ltd has informed BSE about the details of the stakes acquired by the Company are enclosed:
1. Acquisition of 100% stake in Point to Point Limited and Point to Point Products Limited (jointly referred to as P2P), the companies incorporated in UK, being a niche provider of complex workplace engineering services in the UK for cash of GBP 8.0 million. The details of the acquisition are enclosed as Annexure 1.

2. Acquisition of 100% stake in HCL Training and Staffing Services Private Limited (HCLTSS), a company incorporated in India, engaged in the business of rendering of training in the field of IT and ITES. The details of the acquisition are enclosed as Annexure 2. 

HCL Technologies Ltd ended at Rs. 839.95, up by Rs. 0.55 or 0.07% from its previous closing of Rs. 839.4 on the BSE.

The scrip opened at Rs. 850 and touched a high and low of Rs. 858.45 and Rs. 834 respectively. A total of 1469478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 118375.61 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 1058.2 on 11-Mar-2015 and a 52 week low of Rs. 798 on 12-Jan-2016. Last one week high and low of the scrip stood at Rs. 870.15 and Rs. 799.5 respectively.

The promoters holding in the company stood at 60.57 % while Institutions and Non-Institutions held 33.32 % and 6.12 % respectively.

The stock traded above its 200 DMA.

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