Mkt regulator Sebi nod to Roshni Nadar to acquire majority stake in HCLTech

The Securities and Exchange Board of India (Sebi) on Friday gave approval to Roshni Nadar to acquire majority shareholding from her father Shiv Nadar, founder of the HCL Group, in two promoter group companies.

The market regulator has exempted Roshni from the requirement of an open offer under takeover regulations for the proposed indirect acquisition of HCL Tech and HCL Infosystems.