BRIEF-Hcl Infosystems Approves Sale Of Shares Of Its Subsidiary

Reuters

6 August 2019 at 6:14 am

Aug 6 (Reuters) - HCL Infosystems Ltd:

* 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:

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