HCL Technologies profits on getting nod to merge 4 subsidiaries with itself by admin- Monday, May 13th, 2019 04:43:59 PM
HCL Technologies is currently trading at Rs. 1095.Eighty, up by using nine.Seventy five factors or 0.90% from its preceding closing of Rs. 1086.05 on the BSE.
The scrip opened at Rs. 1085.50 and has touched a excessive and occasional of Rs. 1100.80 and Rs. 1079.85 respectively. So some distance 29510 shares have been traded at the counter.
The BSE organization ‘A’ inventory of face fee Rs. 2 has touched a fifty two week high of Rs. 1190.00 on 30-Apr-2019 and a fifty two week low of Rs. 880.00 on 05-Jun-2018.
Last one week high and low of the scrip stood at Rs. 1149.00 and Rs. 1074.45 respectively. The present day marketplace cap of the corporation is Rs. 148654.95 crore.
The promoters keeping in the employer stood at 60.00%, while Institutions and Non-Institutions held 36.42% and three.58% respectively.
HCL Technologies has received an approval for a scheme of amalgamation for the merger of its direct / step-down completely-owned subsidiaries, viz. HCL Comnet, HCL Eagle, HCL Technologies Solutions and Concept2silicion Systems (Transferor Companies) with and into the employer. The Board of Directors of the company in its meeting hung on May nine, 2019, accredited the identical.
The Scheme has also been permitted through the Board of Directors of the Transferor Companies in their respective meetings hung on May 10, 2019. The Scheme is conditional upon and situation to vital statutory and regulatory approvals beneath relevant laws, inclusive of the approval of the jurisdictional National Company Law Tribunal(s) in India.