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India's HCL Tech to buy Geometric Ltd in all-stock deal

2016-04-01 22:58:31| IT Services - Topix.net

India's Geometric Ltd said it will sell its IT services business to HCL Technologies Ltd in an all-stock deal valued at 12.37 billion Indian rupees, as HCL looks to strengthen its engineering and automotive services portfolio. Geometric shareholders will receive 10 shares in HCL for every 43 shares of Geometric as part of the stock-swap.

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