HCL Tech completes acquisition of Sankalp Semiconductor

HCL had announced the acquisition on Sep 9, 2019.

Oct 14, 2019 08:10 IST India Infoline News Service

HCL Technologies
HCL Tech Ltd. https://www.indiainfoline.com/company/hcl-technologies-ltd/5656 informed the exchanges on October 11, 2019, that it has completed acquisition of Sankalp Semiconductor Pvt. Ltd.

HCL had announced the acquisition on Sep 9, 2019.  

The acquisition of Sankalp Semiconductor has been done for for Rs180cr.

The target co. is an advanced technology design services provider offering comprehensive digital & mixed signal SoC services and solutions from concept to prototype in the semiconductor space.

HCL Technologies Ltd ended at Rs1,080.15 up by Rs16.5 or 1.55% from its previous closing of Rs1,063.65 on the BSE.

The scrip opened at Rs1,057.80 and touched a high and low of Rs1,089.85 and Rs1,042.50 respectively. A total of 22,39,901 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs1,46,511.67cr.

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