The committee of HCL Infosystems has approved the allotment of 1,64,38,848 Equity Shares of Rs. 2 each at a price of Rs. 152.90 per Equity Share, on receipt of balance 75% subscription money at the rate of 114.675 per Warrant (25% subscription money at the rate of Rs. 38.225 was received before allotment) aggregating to Rs. 1885124894.40 to the Promoters of the Company on Preferential basis.
This was approved at the committee meeting held on 29 October 2009.