New Delhi, June 16 -- HCL Technologies share price rallied over 3% in early trade on Tuesday after the company announced acquisition of a minority stake in domestic generative AI startup Axonwise Private Limited (Sarvam AI). HCL Tech shares gained as much as 3.42% to Rs.1,157.50 apiece on the BSE.

HCL Technologies shares emerged as the top gainer in both the benchmark indices, Sensex and Nifty 50.

The Indian IT major HCL Technologies said it will acquire a 10.46% stake in Sarvam AI for Rs.1,427.25 crore in cash, leading the firm's Series B round as a strategic investor.

HCL Technologies will acquire 41,421 equity shares in the Bengaluru-headquartered startup and fund its research and development aimed at training next-generation models...