BSELowPositive
Announced Mon, 2 Jun · 17:34 IST

Enclosed please find a release on the captioned subject.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

HCLTech announced a strategic partnership with UiPath (NYSE: PATH) to accelerate agentic automation for enterprises worldwide. HCLTech will deploy the UiPath Platform across finance, supply chain, procurement, customer service, marketing, and HR operations, supported by pre-configured AI agents. The companies will jointly set up an AI Lab in India to build industry-focused repeatable solutions and minimum viable products covering the full automation lifecycle. HCLTech will leverage its delivery network across 60 countries to serve customers in North America, Europe, and Asia-Pacific. HCLTech employs over 223,000 people globally and reported $13.8 billion in consolidated revenues for the 12 months ending March 2025.

Likely market impact

This partnership strengthens HCLTech's positioning in the growing agentic AI and automation market and could unlock new revenue opportunities, though it is a collaboration announcement rather than a deal with immediate financial commitments, so direct stock impact may be modest. It reinforces HCLTech's AI-led growth narrative that investors are likely to view positively.