CCI Sanctions HCL’s Geometric Deal
Competition Commission has cleared IT company HCL Technologies’ equity swap deal to buy the business of GeometricLtd. Earlier in April, HCL Technologies and Geometric Ltd signed an agreement for the deal. As part of the transaction, HCL would issue 10 shares to shareholders of Geometric for every 43 shares held by them in the company. Read Also: Blackberry Appoints HCL Infosystems As National Distributor The final deal excludes Geometric’s 58 per cent stake in 3DPLM Software Solutions Ltd - a joint venture with Dassault Systems according to ET report. It is...