HCLTech to acquire Singapore-based Finergic for S$19 million

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

HCLTECH · price

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Price reactionminutes from the announcement price · days from the prior close

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₹1706.60

prior close

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announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.3% vs market

Computers - Software & Consulting peers, median of 66sector-0.2%+1.0% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty 100 and 1.0 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

HCLTech will acquire 100% of Finergic Solutions Pte Ltd, a Singapore-based wealth management consulting firm, for S$19 million in cash through its wholly owned subsidiary. The deal is expected to close by April 30, 2026. Finergic reported revenue of S$12.6 million and profit of S$2.9 million for FY24, and was founded in 2019. It specializes in core banking and wealth management transformation. The acquisition will strengthen HCLTech's financial services expertise. No regulatory approvals required and not a related party transaction.

Likely market impact

Bolt-on acquisition to boost HCLTech's wealth management capabilities. Modest scale; limited near-term financial impact but adds niche expertise.