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HCL Tech promoter entity sells stake for Rs 500 cr

Slocum Investments (Delhi) Pvt Ltd offloaded 1 crore shares of HCL Technologies

Read more on:    HCL Technology | Slocum Investments
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Slocum Investments, a promoter company of HCL Technologies, today sold 1.44% stake in the IT firm for over Rs 500 crore through an open market transaction.

According to bulk data available on the stock exchanges, Slocum Investments (Delhi) Pvt Ltd offloaded 1 crore shares of HCL Technologies (amounting to 1.44% stake) for Rs 500.15 apiece, valuing the deal to Rs 500.15 crore.

Meanwhile, RBOS Plc purchased 81.19 lakh shares of HCL Technologies for Rs 500 apiece in a deal worth Rs 405.95 crore.

As of March quarter, Slocum Investments held 32.19 crore shares or 46.51% stake in HCL Technologies.

Shares of HCL Technologies were down 0.24% to close at Rs 512.85 apiece on the BSE in a weak market. PTI SP KSR

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CoalMin identifies 54 blocks for allocation through auction

Amid controversies over allegations of irregularities in allocation of coal mines, the Coal Ministry has identified 54 blocks to be allocated to ...

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