Shiv Nadar ‘gifts’ daughter Roshni control of HCL Tech

As part of the family succession plan, founder of information technology company HCL Technologies Shiv Nadar has executed gift deeds to transfer his 47% shareholding in Vama Sundari Investments (Delhi) Private Limited and HCL Corporation Private Limited to his daughter Roshni Nadar Malhotra. Both Vama Sundari and HCL Corporation are promoter group of HCL Technologies with the former holding 44.17% and the latter holding 0.17% stake in the company.