No plans to sell HCL Tech, says HCL Corporation

Feb 22 2014, 05:56 IST
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SummaryThe Shiv Nadar-led HCL Corporation, the firm that controls HCL Technologies and former PC maker...

The Shiv Nadar-led HCL Corporation, the firm that controls HCL Technologies and former PC maker HCL Infosystems, on Friday said there are no plans to sell its IT services firm.

The company has also denied reports of HCL founder Nadar seeking potential buyers for the country’s fourth-largest software services exporter, HCL Technologies. “HCL Corporation denies any plans to exit HCL Technologies,” it said in a statement. Reacting to reports of sale of HCL Technologies, its scrip rose by 2.99% to R1,539.70 in afternoon trade on the BSE.

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