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For reprint rights: HCL extends partnership with Broadcom; part of the team to transition to HCLShare market update: IT shares mixed; HCL Tech up 1%Share market update: IT shares in the red; HCL Tech down 2%Share market update: IT shares in the green; HCL Tech up 3%for every 43 share in geometric you will get 10 share of hcl tech. Noida, India, April 01, 2016 – HCL Technologies Limited (HCL), a leading global IT services provider, today announced an agreement to acquire (through demerger) all of the business of Geometric Limited, except for the 58% stake that Geometric owns in the joint venture – 3DPLM Software Solutions Ltd., with Dassault Systèmes. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication ServiceBANGALORE: Billionaire Shiv Nadar-controlled HCL Technologies will acquire Mumbai-based engineering services company Geometric for Rs 1,283 crore ($188 million) in a share-swap deal.Apple vendors, Samsung line up for mobile production Apple Inc overtakes Saudi Aramco as most valuable publicly listed company FM Nirmala Sitharaman says, 'Banks cannot refuse credit to MSMEs covered under emergency credit facility' Govt may consider amnesty scheme for people hoarding gold illegally Grocery shopping tips to stay safe amid coronavirusFace shields for an added protection when you step out of your homeWebcams with built-in mic for easy vlogging and conferencing HCL Technologies ist ein indisches globales IT-Dienstleistungsunternehmen mit Sitz in Noida, Uttar Pradesh, in Indien.Es bietet Dienstleistungen einschließlich Softwareberatung, Enterprise Transformation, dezentrales Infrastrukturmanagement, Engineering und F&E-Services sowie Business Process Outsourcing (BPO).
... HCL will inherit several unique Geometric processes, methodologies and intellectual properties in PLM and digital manufacturing, along with highly specialized professionals in the PLM consulting as well as mechanical and manufacturing engineering space. As part of the transaction, HCL would issue 10 shares to shareholders of Geometric for every 43 shares held by them in the company. HCL Tech Acquires Geometric in $200mn plus deal. In total, HCL would issue 15,640,546 equity shares of Rs 2 each, the IT firm had said while announcing the deal. Geometric’s current market value stands at Rs 1,274 crore, which means the HCL deal came at a slight premium. This will alert our moderators to take actionNEW DELHI: Competition Commission has cleared IT company Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. In April, HCL Technologies and Geometric Ltd signed an agreement for the deal.
However, the deal does not include the 58 per cent stake that Geometric owns in the joint venture – 3DPLM Software Solutions, with Dassault Systèmes, HCL said on Saturday in a filing to BSE.
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geometric hcl deal