HCL Infosystems to acquire remaining 15% stake in Pimpri Chinchwad eServices

08 Aug 2024 Evaluate

HCL Infosystems has received approval from board of directors to acquire remaining 15% stake i.e. 7500 shares of Pimpri Chinchwad eServices, subsidiary company from INDO Enviro Integrated Solutions at a value of Rs 1 per share. As a result, Pimpri Chinchwad eService will be a wholly owned subsidiary of the Company. The acquisition will likely to be completed by March 31, 2025.

HCL Infosystems is primarily engaged in annual maintenance contracts related to Enterprise Distribution Customers.


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