HCL Infosystems announced that with regard to sale of the entire ownership and control held by Nurture Technologies FZE (formerly known as HCL Infosystems MEA FZE) in its direct subsidiaries namely Gibraltar Technologies LLC (Dubai) and Gibraltar Technologies LLC (Abu Dhabi) including in its step-down subsidiary namely Gibraltar Technologies WLL (Qatar), the shares have been transferred in the name of the Buyer (consortium of individuals) and the abovementioned transaction has been closed on 27 November 2018.

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Net Loss of HCL Infosystems reported to Rs 33.00 crore in the quarter ended September 2018 as against net loss of Rs 455.57 crore during the previous quarter ended September 2017. Sales rose 43.66% to Rs 1084.26 crore in the quarter ended September 2018 as against Rs 754.72 crore during the previous quarter ended September 2017.

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Net Loss of HCL Infosystems reported to Rs 35.36 crore in the quarter ended September 2018 as against net loss of Rs 418.19 crore during the previous quarter ended September 2017. Sales rose 52.11% to Rs 903.16 crore in the quarter ended September 2018 as against Rs 593.74 crore during the previous quarter ended September 2017.

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HCL Infosystems will hold a meeting of the Board of Directors of the Company on 25 October 2018.

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