HCL Infosystems sells off its subsidiary to Karvy for Rs.108 cr.

Karvy Data Management Services has acquired HCL Services, a subsidiary of HCL Info systems in a deal of Rs. 108 crore. The sale of HCL Services Ltd was approved by HCL Info systems' Board that consists of domestic enterprise services business, the company said in a BSE filing.



The deal amount of Rs 108 crore, which includes the tax refunds of Rs 87 crore, which would be paid to the company to the extent received. The transaction is expected to close by ....Read More

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