HCL Tech in focus after acquisition

HCL Technologies (HCL) announced the acquisition of C3i Solutions, a leader in multi-channel customer engagement services for the life sciences and consumer packaged goods (CPG) industries, from Merck & Co., Inc., Kenilworth, New Jersey, USA (known as MSD outside of the United States and Canada). With this acquisition, HCL will complement its broad-based IT and business services capability with the additional depth that C3i has in the life sciences and CPG verticals. The announcement was made after market hours yesterday, 5 April 2018.

Majesco announced that a tier one specialty insurer signed a three-year agreement for application management services with Majesco to support their workers compensation operational systems. The announcement was made after market hours yesterday, 5 April 2018.

Sobha said new sales volume rose 40.4% to 10.15 lakh in Q4 March 2018 over Q4 March 2017. The announcement was made after market hours yesterday, 5 April 2018.

InterGlobe Aviation will be watched. With reference to queries from investors regarding IndiGo's involvement in the upcoming divestiture of Air India, IndiGo's president and whole time director, Aditya Ghosh clarified that from day one, IndiGo has expressed its interest primarily in the acquisition of Air India's international operations and Air India Express. However, that option is not available under the Government's current divestiture plans for Air India. IndiGo does not believe that it has the capability to take on the task of acquiring and successfully turning around all of Air India's airline operations, he added. The clarification was issued after market hours yesterday, 5 April 2018.

Indian Oil Corporation said it completed acquisition of 17% participating interest in Mukhaizna Oil Field (including the marketing rights for entitlement oil) by acquiring 100% equity stake in Shell Exploration & Production Oman (SEPOL) from Shell Overseas Holdings (Shell), for a transaction value of $329 million. Indian Oil has made this acquisition through its wholly owned subsidiary, IOCL Singapore. The effective date of the transaction is 1 January 2017. The announcement was made after market hours yesterday, 5 April 2018.

Powered by Capital Market - Live News