HCL Infosystems surges on reports of Lenovo interest

Reports said Lenovo Group is in talks to buy a 50.1 percent controlling stake in the Indian company for around Rs 500 crore.

hidden August 28, 2012 11:21:07 IST
HCL Infosystems surges on reports of Lenovo interest
HCL Infosystems surges on reports of Lenovo interest

Reuters

Shares of HCL Infosystems surged over 15 percent after a local newspaper reported Lenovo Group is in talks to buy a 50.1 percent controlling stake in the Indian company for around Rs 500 crore.

The Financial Chronicle reported the talks, citing unnamed senior officials at Lenovo and investment bankers familiar with the development.

HCLI shares were last up 15.1 percent. Lenovo shares were down 1.09 percent.

Reuters

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Lenovo wins bid to supply affordable laptops to Tamil Nadu students
News & Analysis

Lenovo wins bid to supply affordable laptops to Tamil Nadu students

The Tamil Nadu government, as promised by current Chief Minister, J.Jayalalitha will give away as many as ...

HCL Infosystems Re-launches Beanstalk Range of Desktop PCs
News & Analysis

HCL Infosystems Re-launches Beanstalk Range of Desktop PCs

HCL Infosystems have announced the return of Beanstalk, a desktop range that to caters to the growing demand for cutting-edge technology on the home computing front.

HCL To Deploy PDS Soln In Chandigarh
Biztech

HCL To Deploy PDS Soln In Chandigarh

Biometric, demographic and personal information details to be gathered for systematic distribution of food rationing