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HCL Tech inks 5-year IT deal with Deutsche Bank

Wednesday, 21 September 2011 - 3:33pm IST | Place: New Delhi | Agency: Reuters
The multi-million dollar "transformation deal" will result in significant vendor consolidation, HCL said in a statement.

HCL Technologies Ltd, India's fourth largest software services provider, said on Wednesday it has inked a 5-year applications support deal with the capital markets arm of Deutsche Bank.

The multi-million dollar "transformation deal" will result in significant vendor consolidation, HCL said in a statement.

HCL shares, valued at close to $6 billion, were up 1.4 per cent at Rs409 in a Mumbai market, that was down 0.35 per cent.


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