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BSE SENSEX
73,088.33
+599.34
+0.83 %
Corporate Announcement
Security Code
532281
Company
HCL Technologies Ltd
Exchange Received Time
10/05/2019 19:04:38
Exchange Disseminated Time
10/05/2019 19:22:10
Time Taken
00:17:32
Announcement under Regulation 30 (LODR)-Scheme of Arrangement |
05/10/19 19:04
This is to inform you that the Board of Directors of the Company, in its meeting held on May 9.
2019, have approved a scheme of amalgamation for the merger of its direct I step-down
wholly-owned subsidiaries, viz. HCL Comnet Limited, HCL Eagle Limited, 1-CL Technologies
Solutions Limited and Concept2silicion Systems Private Limited ('Transferor Companies'), with
and into HCL Technologies Limited ('Transferee Compan9') (hereinafter referred as 'Scheme')
pursuant to Sections 230 to 232 of the Companies Act, 2013 read with the rules made
thereunder and other applicable provisions.
The Scheme has also been approved by the Board of Directors of the Transferor Companies in
their respective meetings held on May 10, 2019.
The Scheme is conditional upon and subject to necessary statutory and regulatory approvals
under applicable laws, including the approval of the jurisdictional National Conpany Law
Tribunal(s) in India.
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