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HCL Technologies and Perot Systems reach agreement on Joint Venture

Published Date: 
Dec 21, 2003
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 London, December 21st 2003:  HCL Technologies today announced that it has reached an agreement with Perot Systems to divest its stake in HCL Perot Systems for USD 105.3 Mn.  This is for an all cash consideration. 
HCL, over a period of 27 years has a highly successful track record of working in partnership with global organisations such as Hewlett Packard, Deutsche Bank, British Telecom, Deluxe Corporation, Perot Systems, etc.  They have all brought value to the stakeholders during their tenure.  At an appropriate time, some of these partnerships have been amicably concluded by one of the partners inheriting complete ownership of the Joint Ventures.  

 

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