Promoter entity sells stake in HCL Tech

Slocum Investments, a promoter company of HCL Technologies, on Friday, sold 1.44 per cent stake in the IT firm for over Rs.500 crore through an open market transaction. According to bulk deal data, available on the stock exchanges, Slocum Investments (Delhi) Pvt Ltd offloaded one crore shares of HCL Tech nologies (amounting to 1.44 per cent stake) for Rs.500.15 apiece, valuing the deal at Rs.500.15 crore. Meanwhile, RBOS plc purchased 81.19 lakh shares of HCL Tech nologies for Rs.500 apiece in a deal worth Rs.405.95 crore. As of March quarter, Slocum Investments held 32.19 crore shares or 46.51 per cent stake in HCL Technologies. — PTI