HCL Technologies moves up on signing definitive agreement to acquire Finergic Solutions
HCL Technologies is currently trading at Rs. 1713.80, up by 7.20 points or 0.42% from its previous closing of Rs. 1706.60 on the BSE.
The scrip opened at Rs. 1710.10 and has touched a high and low of Rs. 1719.90 and Rs. 1702.85 respectively. So far 6932 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1828.50 on 24-Jan-2025 and a 52 week low of Rs. 1304.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1720.80 and Rs. 1669.00 respectively. The current market cap of the company is Rs. 463059.81 crore.
The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 34.62% and 4.57% respectively.
HCL Technologies (HCLTech) has signed a definitive agreement to acquire Finergic Solutions, a boutique wealth consulting firm headquartered in Singapore. The transaction is expected to close by April 30, 2026.
Founded in 2019, Finergic focuses on core banking and wealth management transformation and has a strong, well-established global presence. The addition of Finergic’s niche capabilities, combined with the scale of HCLTech, is expected to unlock stronger synergies and enhance service delivery across the financial services and wealth management industry.
HCLTech brings 25+ years of global experience in serving leading financial institutions. By integrating Finergic’s specialized transformation strategy, consulting and wealth-architecture capabilities, HCLTech will accelerate the delivery of next-generation, platform-enabled wealth management solutions anchored by advanced AI-native workflows. These capabilities will complement HCLTech’s existing global experience supporting clients in Temenos products, including more than 40 global banks.
HCL Technologies is primarily engaged in providing a range of IT and business services, engineering and R&D services and modernized software products and IP-led offerings.
