HCL Info to raise up to Rs820 crore via QIP

HCL Info to raise up to Rs820 crore via QIP

Mumbai: IT hardware provider HCL Infosystems Ltd plans to raise up to Rs820 crore by October through sales of shares and warrants, its chairman said on Tuesday.

Ajai Chowdhry said the firm would garner up to Rs500 crore by placing shares with qualified institutional investors and a further Rs320 crore by issuing warrants to promoters.

The warrants would be issued by the first week of October, while the share sale would take 4-5 weeks, Chowdhry told a news conference.

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