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.
HCL shares were last up 15.1 percent as 0407 GMT. Lenovo shares were down 1.09 percent
Copyright Thomson Reuters 2012
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