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Banaras Beads Ltd leads gainers in B group
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Pearl Global Industries Ltd leads gainers in B group
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Xchanging Solutions Ltd Q4FY21 consolidated net profit declines to Rs 13 89 crore
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Xchanging Technology Services India on Tuesday settled with Sebi a case of alleged violation of takeover norms in relation to XChanging Solutions Ltd after paying Rs 65.24 lakh as settlement charges. The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations. According to the three-page order, the applicant also agreed to pay the differential amount in case there is an adverse outcome related to an appeal pending before the Securities Appellate Tribunal (SAT). In May 2016, a merger agreement was entered into between Hewlett Packard Enterprise (HPE), Computer Sciences Corporation (CSC) and DXC Technology Company. The transactions contemplated under the agreement were completed in April 2017.