Stocks of HCL Technologies slumped nearly 8 per cent on Friday after the company announced acquisition of select IBM software products for USD 1.8 billion in an all-cash deal.
After a negative opening on BSE, the scrip further declined 7.6 per cent to hit an intra-day low of Rs 935.
At 1300 hrs the stock was trading at Rs 951.65 apiece, down 5.96 per cent from the previous close
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