HCL Infosystems surges on Lenovo interest media report

Aug 28, 2012 |

Reuters

mumbai

Tags:

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Shares of HCL Infosystems surged over 15 per cent after a local newspaper reported Lenovo Group(0992.HK) is in talks to buy a 50.1 per cent controlling stake in the Indian company for around 5 billion rupees.

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 per cent as 0407 GMT. Lenovo shares were down 1.09 per cent.

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