Shares of HCL Infosystems today
surged 18 per cent after the company said it will distribute
Apple products, including the iPhone, in the Indian market.
The stock after making a positive opening further jumped
17.3 per cent to Rs 50.50 on BSE.
At NSE, shares of the company soared 18 per cent to Rs
The company had said in July that it was in discussions
with the US-based tech giant to distribute its products in
In a regulatory filing yesterday, HCL Infosystems said it
has signed an agreement for "distribution of iPhone and other
Apple products" with Apple India.
It had signed a non-disclosure agreement with Apple India
on December 23, 2016 and expressed interest in taking up
distribution of Apple products in the country.
Currently, Apple has distribution tie-ups with companies
like Ingram Micro, Redington, Rashi Peripherals and Beetel
Teletech in India.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)