IT hardware provider HCL Infosystems Ltd plans to raise up to 8.2 billion rupees by October through sales of shares and warrants, its chairman said on Tuesday.

Ajai Chowdhry said the firm would garner up to 5 billion rupees by placing shares with qualified institutional investors and a further 3.2 billion rupees 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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