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HCL Infosystems advances on getting nod to sell stake in HCL Learning

HCL Infosystems is currently trading at Rs. 10.00, up by 0.48 points or 5.04% from its previous closing of Rs. 9.52 on the BSE.

The scrip opened at Rs. 9.89 and has touched a high and low of Rs. 10.56 and Rs. 9.60 respectively. So far 100713 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 37.30 on 06-Aug-2018 and a 52 week low of Rs. 9.34 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 12.56 and Rs. 9.34 respectively. The current market cap of the company is Rs. 332.50 crore.

The promoters holding in the company stood at 62.89%, while Institutions and Non-Institutions held 2.47% and 34.65% respectively.

HCL Infosystems has received approval for sale of the entire shareholding of subsidiary– HCL Learning, in its wholly owned subsidiary– HCL Insys, Singapore excluding the Carve Out Businesses to PCCW Solutions, Hong Kong. The Board of Directors of the Company at its meeting held on August 06, 2019 has approved the same.

This is in line with Company’s strategy to focus on restructuring and monetizing its businesses and assets to reduce its debt obligations.

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.

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