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HCL Infosystems’ arm to sell entire stake in its subsidiaries

HCL Infosystems’ arm to sell entire stake in its subsidiaries

HCL Infosystems’ subsidiary — HCL Insys Pte., Singapore — has received an approval to sell the entire ownership and control held by Nurture Technologies FZE in its direct subsidiaries namely Gibraltar Technologies LLC (Dubai) and Gibraltar Technologies LLC (Abu Dhabi). The Board of Directors of the company at their meeting held on October 15, 2018, approved the same.

The sale will include its entire ownership and control in its step-down subsidiary Gibraltar Technologies WLL (Qatar). Nurture Technologies FZE shall continue to remain with HCL Insys PTE. The expected date of completion of sale is November 15, 2018.

HCL Infosystems is one of India’s premier IT Services, Distribution and Digital Solutions Company, enabling organizations to attain and sustain competitive advantage by leveraging Information and Communication Technologies.