HCL Tech shares hit a fresh record high as Co to acquire IT firm DWS Ltd

Shares of HCL Technologies hit a fresh record high of Rs 835, up 3 per cent on the BSE in the early morning deals on Monday after the company announced its intent to acquire IT company DWS Limited, a leading Australian IT, business, and management consulting group, for $158.2 million (approximately Rs 1,162 crore). The acquisition is expected to be completed by December 2020. The stock surpassed its previous high of Rs 824 touched on Friday, September 18, 2020.

DWS is a provider of IT, Business, and Management Consulting services in Australia and New Zealand. The suite of solutions provided by DWS covers, but not limited to, Digital Transformation, IT, Business and Management Consulting services, Data and Business Analytics, and Robotic Process Automation services.