HCL Technologies to invest USD 1.25 mn in Austic GIS

HCL Technologies will invest USD 1.25 million in 1,250,000 Series A Preferred Shares, equaling an estimated 13.9% fully diluted ownership in newly formed Delaware entity, Austin GIS.

This investment will provide growth opportunities in Internet of Things (IoT) and 5G RAN industries which complements HCL services as an IT service provider.

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