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One of India's leading tech company in the IT Services space - HCL Technologies has acquired Geometric Ltd ( a niche player in the domain of engineering solutions, services and technologies) The entire business of Geometric will be transferred to HCL Tech by way of demerger, except for its 58% share in the joint venture with Dassault Systemes (3DS) (3DPLM Software Solutions Limited (3DPLM)). In return, shareholders of Geometric will receive shares in HCL Tech in a swap ratio of 10 equity shares of HCL Tech for every 43 equity shares of Geometric .
Simultaneously, Geometric will be merged into 3DPLM Software Solutions Ltd (3DPLM), thereby giving 100% ownership of 3DPLM to Dassault Systemes (3DS), the current joint venture partner of Geometric in 3DPLM. In exchange for the ownership in Geometric shareholders of Geometric shall receive one listed redeemable preference share of Rs. 68 each carrying dividend of 7% p.a. in 3DPLM against every one share of Geometric.