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BSE SENSEX
83,209.32
+261.09
+0.31 %
Corporate Announcement
Security Code
500179
Company
HCL Infosystems Ltd
Exchange Received Time
06/08/2020 17:12:25
Exchange Disseminated Time
06/08/2020 17:12:41
Time Taken
00:00:16
Intimation Of Sale/Surrender Of Properties Held In The Name Of Company. |
08/06/20 17:12
Dear Sirs,
In terms of Regulation 30 read with Part A of Schedule III as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company in their meeting held today i.e. 6th August, 2020 has given its approval for the sale/surrender of properties (mentioned in annexure-A) as and when the Company will have appropriate buyer. This is in line with Company's strategy to focus on restructuring and monetizing its business and assets to reduce its debt obligation.
The proposed transaction is subject to approval of shareholders, lenders and such approval as may be required.
Please acknowledge receipt.
Very Truly Yours,
For HCL Infosystems Limited
Sushil Kumar Jain
Company Secretary & Compliance Officer
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