Billionaire Shiv Nadar, founding father of HCL, has gifted 47% of his stake in HCL Corp and Vama Delhi to his daughter, Roshni Nadar Malhotra, in a strategic succession plan.
Following the switch, Malhotra will turn out to be the bulk shareholder and acquire control of each entities, in line with a inventory change submitting by HCLTech and HCL Infosystems Ltd. This transfer solidifies her place as the biggest shareholder of HCL Infosystems and HCLTech.
As a part of the switch, she is going to purchase voting control over Vama Delhi’s 12.94% stake and HCL Corp’s 49.94% stake in HCL Infosystems. In HCLTech, she is going to take over a 44.17% stake from Vama Delhi and an extra 0.17% from HCL Corp.
The switch was formalized by way of two present deeds executed on March 6, 2025, guaranteeing continuity of possession throughout the Nadar household. “Reward deeds have been executed pursuant to a non-public household association meant to streamline succession, guaranteeing stability and control by the Shiv Nadar Household,” the filings acknowledged.
To facilitate the transition, India’s capital markets regulator, the Securities and Trade Board of India (Sebi), has granted Malhotra an exemption from making an open provide.
Earlier than this switch, Shiv Nadar held a 51% stake in each Vama Delhi and HCL Corp, whereas Malhotra owned 10.33%.
Malhotra, who holds an undergraduate diploma from Northwestern College and an MBA from the Kellogg College of Administration, has been chairperson of HCLTech since July 2020. Past her company function, she is actively concerned in philanthropy by way of the Shiv Nadar Basis, which focuses on schooling, and The Habitats Belief, devoted to conservation efforts.
(With inputs from PTI)
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