HCL Technologies clarifies on news items regarding new order

With reference to the news item appearing in a leading web portal & media titled "HCL Tech may bag $ 200m outsourcing deal", HCL Technologies Ltd has clarified that the Company, in line with its stated policy, does not respond to market rumours and hence the Company has no comments to offer in regard to the said news item. Further, at any point in time, the Company is in dialog with several prospective customers and it is highly prejudicial to the Company's interest and indeed its customers' interests to take cognizance of, and clarify, such speculative reports. Commenting on any such relationships would also infringe on confidentiality agreements / covenants entered into with such customers which prevent the Company from making any disclosures until the Company get the consent from the its customers to make press releases on such contract wins.

Source : Equity Bulls

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