HCL Infosystems raises upto Rs. 795 crores

- The company raised Rs. 472.67 crores through QIP and allotted warrants amounting Rs.322 crores to promoters

New Delhi, 26th October 09: HCL Infosystems Ltd, one of India’s premier hardware, services and ICT system Integration companies announced that it has raised Rs. 472.67 crores from institutional investors through Qualified Institutions Placement (QIP) of equity shares. The issue was launched on 14th Oct 09 and closed on 16th Oct 09. The company allotted 3,05,55,713 equity shares of Rs. 2/- each at a price of Rs. 154.69 per share aggregating to Rs. 472.67 crores on 21st Oct 09 to Qualified Institutional Buyers as per chapter VIII of SEBI (ICDR) regulations 2009. The company also allotted convertible warrants amounting Rs. 322 crores to promoters at a price of Rs. 152.90 per warrant.

The Company had earlier announced that the board of directors has approved raising of funds to shape the future growth plans of the company. The Company plans to utilize these funds primarily to expand existing businesses, develop infrastructure for future growth, meet working capital requirements and make acquisitions.

HCL Infosystems Ltd. is a multi faceted technology company, with specialized verticals addressing different segments of the technology spectrum. It has built under one roof, a comprehensive range of capabilities, giving it an advantage to leverage the new paradigms that are emerging from a converging world. HCL Infosystems Ltd. over the past few years has focused on transforming itself from being a product centric company to a system integration and services organization. Over the last few years the company has announced plans to enter into a number of business verticals including System integration domains, IT infrastructure management and other services across India.

About HCL Infosystems Ltd.

HCL Infosystems Ltd. with revenue (LTM) of US $ 2.6 billion (Rs. 12,378 crores) in financial year 2009 is one of India’s premier hardware, services and ICT system Integration companies offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL Infosystems Ltd. aims to be a one-stop-shop for all the ICT requirements of an organization. One of India’s leading System Integration and Infrastructure management services organizations, HCL Infosystems Ltd. has specialized expertise across verticals including Telecom, BFSI, E-Governance and Power. HCL Infosystems Ltd. has one of India’s largest distribution and retail networks for ICT products, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia and Toshiba. HCL Infosystems Ltd. today has one of India’s largest vertically integrated computer manufacturing facilities; with over three decades of electronic manufacturing experience, and HCL desktops are among the largest selling brands in the business enterprise space. With one of India’s largest ICT services networks that reaches most regions in India, HCL’s award winning support services make it a preferred choice of enterprise and consumers alike.

For more information on HCL Infosystems Ltd. and its subsidiaries, please visit us at www.hclinfosystems.in

For further information please contact : Vaishnavi Corporate Communication

Reena Bhattacharya – 99 711 37705, rbhattacharya {at} vccpl(.)com

Shaila Srivastava – 9717293602, shaila.srivastava @vccpl.com