Shiv Nadar transfers 47% stake in HCL, Vama Delhi to daughter Roshni

In a major leadership transition, HCL Group founder Shiv Nadar has transferred 47% of his stake in HCL Corp and Vama Delhi—two key promoter entities of the group—to his daughter Roshni Nadar Malhotra. This strategic move cements Malhotra’s position as the largest shareholder in HCL Technologies and HCL Infosystems, strengthening the family’s control over the IT conglomerate.