#1
July 27th, 2016, 05:48 PM
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HCL Acquires NTS
Hi I would like to have the details of HCL Infosystems Ltd buying out of the remaining stake by the NTS group in HCL Infosystems Middle East and Africa (MEA)?
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#2
July 28th, 2016, 08:05 AM
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Re: HCL Acquires NTS
HCL Infosystems Ltd purchased the remaining 40 per cent stake held by the NTS Group in HCL Infosystems Middle East and Africa (MEA). HCL Infosystems Ltd, through its completely claimed auxiliary HCL Insys Pte Ltd, Singapore has purchased the stake in HCL Infosystems MEA FZCo. Taking after the exchange of shares, the FZCo will be changed over into a FZE (free zone foundation) possessed exclusively by HCL Insys Pte Ltd, Singapore. HCL Infosystems MEA FZE now turns into an entirely claimed backup of HCL Infosystems Ltd. NTS Holding BVI is a main IT administrations and arrangements organization situated in Dubai. HCL Infosystems had in 2010 procured 60 for every penny of NTS Group to grow its worldwide impression in the West Asian and African business sector with direct operations to address the framework incorporation and administrations need in these districts. "This purchase will put us in a stronger footing in the Middle East market and empower us to rapidly grow our business in the area,'' Chief Executive Officer, HCL Infosystems MEA, said. |