IT firm HCL Infosystems has opened its Rs 500 crore equity share issue today for the qualified institutional buyers (QIBs).

The company's directors committee has decided to make an issuance of equity shares to QIBs and to open the issue on October 14, HCL Infosystems said in a filing to the Bombay Stock Exchange (BSE).

BSE  |  NSE Price

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The committee has also approved the preliminary placement document in respect of the equity shares proposed to be issued as aforesaid, it added.

Shares of HCL Infosystems today closed at Rs 160.45, up 2.62 per cent from its previous close on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets come off day highs - Oil india Q4 net down 21% at Rs 445 cr - Synthetic rubber consumption up 2% in Feb, output falls - Mentha oil declines 3% on profit-booking - Volume Shockers: Shalimar Paints, Tata Metaliks

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