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Lenovo to buy HCL Infosystems?

business Updated: Aug 28, 2012 11:45 IST

Reuters
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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