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09-01-2023 10:44 AM | Source: Accord Fintech
HCL Technologies inches up on acquiring 100% stake in ASAP Group
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HCL Technologies is currently trading at Rs. 1175.05, up by 2.15 points or 0.18% from its previous closing of Rs. 1172.90 on the BSE.

The scrip opened at Rs. 1173.00 and has touched a high and low of Rs. 1179.75 and Rs. 1171.05 respectively. So far 4849 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1202.70 on 05-Jul-2023 and a 52 week low of Rs. 882.20 on 26-Sep-2022.

Last one week high and low of the scrip stood at Rs. 1188.00 and Rs. 1139.40 respectively. The current market cap of the company is Rs. 318285.78 crore.

The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 34.33% and 4.85% respectively.

HCL Technologies has completed acquisition of 100% in ASAP Group, an automotive engineering services provider. Headquartered in Ingolstadt, Germany, ASAP is focused on future-oriented automotive technologies in areas such as autonomous driving, e-mobility and connectivity. ASAP serves top automotive original equipment manufacturers (OEM) and tier 1 suppliers in Germany. ASAP's services portfolio comprises electrics/electronics, software, consulting, service testing and validation and vehicle development. ASAP has over 1,600 employees across nine locations in Germany.

HCLTech is a global leader in engineering and R&D services and works with 63 of the top 100 global engineering R&D spenders. The acquisition will boost HCLTech's global leadership in engineering services by strengthening its advanced technology capabilities in the fast-growing automotive engineering services segment in Europe and other key global markets.

HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.