HCL Tech completes Axon buyout, eyes $23 bn SAP mkt

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Uploaded by on Dec 16, 2008

HCL Technologies has completed the acquisition of Axon and trading in Axon share will be stopped on the LSE from tomorrow.
HCL Tech said that the deal has been funded in dollars. It has acquired the deal at USD 651 million versus USD 785 million. This is because the Libor rate is at 5% versus 6.5% earlier when it had bid. The currency depreciation versus the dollar would impact the dollar revenues by 710%.

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  • Where is the Indian operating system?

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