HCL Info launch ISP

quot;We would divest small portion 5-10 per cent to venture funds through the book-building route and also go for an initial public offer to dilute HCL8217;s stake,quot; Adhikari said.

The amount to be offloaded would depend on the investment requirement and the business generated through the ISP. HCL Infinet would go for global alliances for expanding its E-commerce business in both B2B and B2C areas estimated to grow to 180 million in India by 2002 from the present 15 million, he said.

quot;The company has already tied up with Asian Age for newscontent and UBS for providing books online. We would have several other tie-ups in areas of travel, entertainment and music with Indian and international players,quot; Adhikari said.

As part of plans to become application services provider ASP, HCL Infinet is already in dialogue with banks including HDFC Bank. quot;ERP is another area of ASP for which we have plans to tie up with SAAP and Microsoft,quot; the HCL Infinet chief said.