HCL Technologies Limited
PPFAS Mutual Fund increased its stake in HCL Technologies from 1.09% to 1.63%, acquiring 14,710,648 additional shares. The additional shares are worth ₹1,771.7 crore at ₹1203.90 per share. The increase in stake is related to a rights issue.
A global IT services company, HCL Technologies delivers software-led solutions, infrastructure management, engineering and research services, and business process outsourcing to clients across multiple industries. Operating through offices in 46 countries, the company leverages extensive offshore capabilities and global expertise to provide transformational outsourcing and integrated service portfolios. It focuses on supporting enterprise digital transformation and multi-service delivery across key industry verticals.
Founded by Parag Parikh Financial Advisory Services, best known for the Parag Parikh Flexi Cap Fund which invests in both Indian equities and select global large-caps including Meta, Alphabet, and Microsoft. Manages over Rs 1.2 lakh crore with a concentrated, long-duration, value-focused approach. CIO Rajeev Thakkar is one of India's most respected investors with a Munger-influenced thinking style.