Shares of IT major HCL Tech gained 3% to their day's high of Rs 1,150 on the BSE on Tuesday after the IT services company emerged as the lead investor in a fresh funding round for Sarvam AI, India's largest pure-play artificial intelligence startup.
HCL Tech has invested Rs 1,427 crore, or approximately $150 million, in Sarvam AI, securing a 10.46% stake in the company. The investment was part of a Series B funding round of around $300 million, which values the startup at nearly $1.5 billion.
