February 28, 2018 / 9:58 AM / in 8 months

BRIEF-HCL Infosystems Approves HCL Insys Singapore's Decision To Sell Investments In Unit

Feb 28 (Reuters) - HCL Infosystems Ltd:

* HCL INFOSYSTEMS -BOARD APPROVED DECISION TAKEN BY BOARD OF HCL INSYS SINGAPORE TO SELL ENTIRE INVESTMENTS IN UNIT HCL INFOSYSTEMS MEA FZE

* SAYS SELLINGOF INVESTMENTS IN HCL INFOSYSTEMS MEA FZE ALONG WITH UNIT OF HCL MEA TO AXIS INVESTMENT INCORPORATED

* SAYS ACQUISITON VALUE IS AED 4.12 MILLION WHICH INCLUDES BORROWINGS OF HCL MEA OF AED 2.42 MILLION Source text - bit.ly/2t1POif Further company coverage:

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