Lenovo to buy HCL Infosystems?
Reuters | HT Correspondent
Aug 28, 2012 11:45 AM IST
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 5 billion rupees.
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 5 billion rupees.
The Financial Chronicle reported the talks, citing unnamed senior officials at Lenovo and investment bankers familiar with the development.
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HCL shares were last up 15.1 percent as 0407 GMT. Lenovo shares were down 1.09 percent
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