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Shiv Nadar gifts 47% of his stake in HCL Corp, Vama Delhi to daughter Roshni Nadar Malhotra

YourStory · 3d

Billionaire Shiv Nadar, founder of HCL, has transferred 47% of his stake in HCL Corp and Vama Delhi to his daughter, Roshni Nadar Malhotra, reinforcing family leadership. This strategic move is part of a succession plan ensuring ownership continuity. Roshni, the HCLTech chairperson, becomes the majority shareholder in Vama Delhi, HCL Corp, HCL Infosystems, and HCL Tech. SEBI's exemption facilitates the smooth share transfer, bolstering the family's leadership and involvement.