Brief: Hcl Infosystems Approves Sale Of Shares Of Its Subsidiary
06/08/2019 11:14
Aug 6 (Reuters) - HCL Infosystems Ltd HCLI.NS :
* APPROVES SALE OF SHARES OF ITS SUBSIDIARY, HCL INSYS PTE
* SAYS PRICE FOR PROPOSED DEAL LINKED TO ENTERPRISE VALUE OF
HCL
INSYS (SPECIFIED AS SGD 42 MILLION)
* SAYS DEAL IN LINE WITH RESTRUCTURING STRATEGY AND
MONETIZING
ASSETS TO REDUCE DEBT
* APPROVES SALE OF HCL INSYS EXCLUDING CARVE OUT BUSINESSES
TO
PCCW SOLUTIONS LTD, HONG KONG
Source text for Eikon: [http://bit.ly/2ZwmXhT]
Further company coverage: HCLI.NS
((Reuters.Briefs@thomsonreuters.com;))
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