HCL Technologies Limited BuyBack 2018
HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Our technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centers, and 120,000+ ‘Ideapreneurs’ working in 39 countries, HCL serves leading enterprises across key industries, including 250 of the Fortune 500 and 650 of the Global 2000. HCL generated consolidated revenues of USD 7.8 billion for 12 months ended 31st March 2018.
Businesses across industries stand at an inflection point today. Far-reaching disruption fuelled by technologies like Digitalization, Analytics, Cloud, IoT and Automation mean these technologies lie at the core of any enterprise that is trying to reinvent itself. As the demand for these services increase, HCL Technologies is accelerating its evolution into a next-generation technology services firm through HCL’s Mode 1-2-3 strategy.
HCL’s Mode 1-2-3 strategy helps future-proof our customers’ business, by deploying a concurrent, three-point spotlight on the existing core of their business, new growth areas as well as the ecosystems of the future. As detailed below, each of the three modes has distinct outcomes and growth potential.
(i) Core Services HCL delivers core services in the areas of applications, infrastructure, BPO and Engineering & R & D, leveraging DRYiCE autonomics to transform clients’ business and IT landscape making them “lean” and “agile”.
(ii) Next Generation Services HCL delivers experience-centric and outcome-oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cyber-security & GRC services.
(iii) Products & Platforms HCL continues to explore and enter into innovative IP-based partnerships, targeting specific next-generation opportunities. Mode 3 includes the external IP partnership with IBM extending now to half a dozen products; HCL also continues to invest in our internal IP creation strategy and expansion of capabilities and markets for DRYiCE, the next-generation Autonomics and Orchestration platform.
HCL’s Mode 1-2-3 strategy is truly differentiating in the marketplace today and our clients are increasingly demonstrating their confidence in this strategy and our ability to deliver. We will continue to build and invest in our Mode 1-2-3 capabilities with the primary goal to be the partner of choice for our clients, globally. Lastly, we will continue to re-skill, train and build the capabilities of our employees to be future-ready.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 31 2018|
|Buyback Opening Date:||Sep 18 2018|
|Buyback Closing Date:||Oct 03 2018|
|Buyback Offer Amount:||₹ 4000|
|Date of Board Meeting approving the proposal:||Jul 12 2018|
|Date of Public Announcement:||Jul 12 2018|
|Buyback Offer Size:||2.61%|
|Buyback Number of Shares:||36,363,636|
|Buyback Price:||₹ 1100 Per Equity Share|
Details of Buyback:
Shareholding Pattern Pre and Post buyback:
|Category of Shareholder||Pre-Buyback Shareholding Pattern|
|No. of Shares||% to the existing Equity Share Capital|
|(i) Promoters and Promoter Group||83,78,80,610||60.17%|
|(ii) Foreign Investors||37,38,66,523||26.85%|
|(iii) Indian Financial Institution||5,67,64,157||4.08%|
|(iv) Mutual Funds||7,67,90,019||5.51%|
|(v)Bodies Corporate / Trusts I Clearing Members NBFC||1,30,20,348||0.94%|
|(vi) Resident Individuals and others||3,40,85,047||2.45%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||178285||178285||178285||178285|
|No. of Shares buyback||60||91||136||181|