The Shiv Nadar-promoted HCL Technologies has acquired 100 per cent stake in the US-based IT services company Gulf Computers Inc in a multi-million dollar deal to expand its client base in America.
The buyout was effected with the payment of the first tranche of $8 million. A second tranche of $1.75 million is to be paid after six months and the balance would be done in three years, HCL Tech said in a statement today.
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