Shares of HCL Infosystems surge 17% on Lenovo buyout

Stocks

oi-Sunil

By Sunil Fernandes

Updated: Tuesday, August 28, 2012, 13:33 [IST]

Shares of HCL Infosystems, one of India's oldest hardware companies surged over 16 per cent after reports that the Lenovo Group is in talks to buy a 50.1 percent controlling stake in the Indian company for around Rs 500 crores.

The shares of the company was last trading at Rs 42.80, up 17% over Monday's closing.

HCL Infosystems Ltd, is India´s premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization.

India's leading System Integration and Infrastructure Management Services Organization, HCL has specialized expertise across verticals including Telecom, BFSI, eGovernance & Power.

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