HCL Technologies

HCL Corp sells 2.5% stake in HCL Tech

HCL Corporation owned by Mr. Shiv Nadar and his family sold 2.5%stake in IT services company HCL Technologies to raise over Rs. 581 croreon last Thursday.

The fund from the sale will be utilized in the philanthropic initiatives in the field of education of the Nadar foundation.

Though HCL Corporation did not disclose the amount it had raised through the transaction according to the market sources the share got sold for Rs. 347 each resulting to Rs 581 crore to be precise.

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HCL gets Melbourne IT contract

Leading IT services provider, HCL Technologies Ltd has received a contract from Melbourne IT for managing the business transformation project in its Integrated Web Services.

The deal signed on April 30 will see HCL manage the project for a period of three years. The deal would allow the Australian company to enhance the value of the company’s customer base by enabling it to deliver comprehensive services to its customers across various regions.

HCL Technologies net profit rose 72.10 Percent to Rs 262.57 crore in Qtr ending March 2010 for the financial year 2009-2010 compared to Rs 152.57 crore in qtr ending March 2009. Sales rose 22.71 Percent to Rs 1287.11 crore in Qtr ending March 2010 for the financial year 2009-2010 compared [...]

HCL Technologies Results – Announces Qtr Ending March 2010 results is a post from: First Blog for Indian Financial Market

HCL Technologies net profit rose 72.10 Percent to Rs 262.57 crore in Qtr ending March 2010 for the financial year 2009-2010 compared to Rs 152.57 crore in qtr ending March 2009. Sales rose 22.71 Percent to Rs 1287.11 crore in Qtr ending March 2010 for the financial year 2009-2010 compared [...]

HCL Technologies Results – Announces Qtr Ending March 2010 results is a post from: First Blog for Indian Financial Market