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HCL acquires a US data analytics product company for Rs 750 crore HCL acquires a US data analytics product company for Rs 750 crore

HCL acquires a US data analytics product company for Rs 750 crore

HCL America Inc, a wholly-owned step-down subsidiary of the company has acquired the balance 19.6 per cent stake in HCL Technologies SEP Holdings Inc, the sole parent entity of the operating company, Actian Corporation.

Subramanian K 0 754 Article rating: 3.6

HCL already owns an 80.4 per cent stake in the company and is buying out the minority partner who holds the balance 19.6 per cent stake in the company. The cost of acquisition is USD 100.2M (Rs 750 crore) for the remaining 19.6 per cent ownership of HCL Technologies SEP Holdings Inc.

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