Shiv Nadar gifts 47% stake in HCLTech promoter firms to daughter Roshni

In the latest succession planning at India’s largest promoter-backed companies, HCLTech promoter Shiv Nadar, on Thursday, transferred 47% of his shareholding each in two promoter entities including Vama Sundari Investments and HCL Corporation to his daughter Roshni Nadar Malhotra as a gift deed, as per a late evening regulatory disclosure on Friday.