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This is an archive article published on August 28, 2012

HCL Infosystems stock +15% on Lenovo

Lenovo Group is in talks to buy a 50.1 percent controlling stake in HCL Info: report

HCL Infosystems’ stock surged over 15 percent after a it was reported Lenovo Group is in talks to buy a 50.1 percent controlling stake in the Indian company for around 5 billion rupees ($89.81 million).

It was reported the talks,citing unnamed senior officials at Lenovo and investment bankers familiar with the development.

HCLI shares were last up 15.1 percent as 0407 GMT. Lenovo shares were down 1.09 percent. ($1 = 55.6750 Indian rupees)

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