Shares of HCL Technologies Ltd (HCLTech) are trading flat after touching a day’s high of Rs 1,722 on 17th January. This is despite the firm announcing on Friday (23rd January) that it has signed a definitive agreement to acquire Finergic Solutions Pte Ltd, a Singapore-headquartered boutique wealth consulting firm. 

The move is aimed at strengthening its digital transformation offerings for the wealth management industry. In addition, the transaction is expected to close by 30th April, 2026.

Founded in 2019, Finergic Solutions focuses on core banking and wealth management transformation, with an established global presence.

HCLTech said the acquisition will combine Finergic’s niche expertise with its own scale to strengthen service delivery across financial services and wealth management.

Integrating Finergic’s transformation strategy, consulting, and wealth architecture capabilities will help HCLTech deliver platform-enabled wealth management solutions, including AI-native workflows.

These capabilities will complement HCLTech’s existing work with Temenos products for over 40 global banks.

HCLTech’s leadership said the deal positions the company to strengthen its digital services footprint in the wealth management space.

Finergic’s co-founders said the firm has built a strong reputation in transformation programmes and expressed confidence in joining HCLTech’s growth journey.

At 11:32 AM, shares of HCLTech were trading 0.15% higher at Rs 1,709.50 on NSE.

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