Shiv Nadar Gifts HCL Stake: On 6 March, HCL founder Shiv Nadar gifted his 47% stake in HCL Corp and Vama Delhi to his daughter Roshni Nadar Malhotra.
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4Shiv Nadar Gifts HCL Stake: Companies are Involved in This Deal
- HCL Corp: Before GIFT, Shiv Nadar held 51% shareholding in it and Roshni held 10.33%.
- Vama Delhi: Before GIFT, Shiv Nadar held 51% shareholding in it and Roshni held 10.33%.
- HCL Tech: Vama Delhi has 44.17% stake in it and HCL Corp has 0.17% stake.
- HCL Infosystems: Vama Delhi holds 12.94% stake in it and HCL Corp holds 49.94% stake.
What Happened
Shiv Nadar has gifted his 47% stake in both HCL Corp and Vama Delhi to his daughter Roshni.
SEBI exempted from open offer Capital market regulator Securities and Exchange Board of India (SEBI) has exempted Roshni Nadar Malhotra from open offer for this share transfer. This ensured that the transfer within the family could happen smoothly and the stability of the company was maintained. Nadar Malhotra.
Shiv Nadar Gifts HCL Stake: Why Was it Done
This step is part of succession. This has been done to strengthen the family’s leadership in the company.
Roshni Nadar Malhotra.
- Roshni has done a Master of Business Administration from Kellogg School of Management.
- She is the chairperson of HCL Tech. 43-year-old Roshni Nadar Malhotra has also been an executive and CEO of HCL Corporation. She became the CEO of the company at the age of 28.
- Apart from this, she has also been the Vice Chairperson of the Board of HCL Technologies and Trustee of Shiv Nadar Foundation.
Shiv Nadar Gifts HCL Stake: Roshni is also active in social work. She is contributing extensively in the field of education through the Shiv Nadar Foundation and has established top educational institutions and schools in India. Also, she is involved in environmental conservation efforts through The Habitats Trust. The company’s profit increased by 5.54% in the October-December quarter.
IT company HCL Tech’s consolidated net profit in the October-December quarter (Q3FY25) has increased by 5.54% year-on-year (YoY) to Rs 4,591 crore. In the same quarter last year (Q3FY24), the company’s net profit was Rs 4,350 crore. Whereas in the previous quarter (Q2FY25) it was Rs 4,235 crore. That is, the company’s net profit has increased by 8.40% quarterly (QoQ). HCL released the results of Q3FY25, i.e. the third quarter of financial year 2025, on 13 January.
Shiv Nadar Gifts HCL Stake: HCL Share Performance
In the last one year, HCL’s stock has seen a decline of 1.01%. On March 11, 2024, the share of HCL Tech was at Rs 1,638, which has now come down to Rs 1,558. On the other hand, if we talk about this year, i.e. from January 1 till now, the company’s stock has fallen by 18.48%. The market value of the company is Rs 4.22 lakh crore.
🚨 HCL Founder Shiv Nadar Gifts 47% Of His Stake To Daughter Roshni Nadar Malhotra. pic.twitter.com/f1ZiileWlj
— Bharat Tech & Infra (@BharatTechIND) March 9, 2025
Shiv Nadar is the 52nd Richest Person in the World
79-year-old Shiv Nadar is the founder and chairman emeritus of HCL Technologies Limited and Shiv Nadar Foundation. Shiv Nadar is the 52nd richest person in the world. According to the Forbes Real Time Billionaires List, his net worth is $34.4 billion (Rs 2.99 lakh crore).
- The founder of HCL Tech is Shiv Nadar.
- He founded HCL in 1976.
- Its Chief Executive Officer (CEO) and Managing Director is C Vijaykumar.
- The company works in digital, engineering, cloud, and software. More than 2,27,481 employees work in HCL.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗