SEBI nod for Roshni Nadar to acquire majority shareholding in HCLTech group firms

The Securities and Exchange Board of India on Friday gave the go-ahead to Roshni Nadar Malhotra to acquire a majority shareholding in two promoter group companies of HCLTech from her father and founder of HCL Group Shiv Nadar.

The development is part of the succession planning of the Nadar family and, subsequent to the transfer, the aggregate shareholding of the promoter and promoter group of HCLTech would remain unchanged at 60.82%.