HCL Corp, the holding company for HCL Technologies, denied a Wall Street Journal report that said its founder Shiv Nadar was seeking potential buyers for his USD 10 billion stake in the company.
"HCL Corporation denies any plans to exit HCL Technologies," it said in a statement.
Billionaire Shiv Nadar owns a roughly 62 percent stake in HCL Technologies, India's No. 4 IT services exporter, through group companies.
Nadar is yet to hire bankers to advise him on a sale, the report said, citing two people briefed on the matter.
Shares of HCL Technologies, valued at USD 16.6 billion, rose as much as 2.4 in afternoon trade on the National Stock Exchange.
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