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

Share via:


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.

This makes Malhotra the majority shareholder with at 57.33% ownership along with increase in voting rights, while Shiv Nadar’s stake will reduce to 4% in the promoter entities.

Both these promoter…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

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.

This makes Malhotra the majority shareholder with at 57.33% ownership along with increase in voting rights, while Shiv Nadar’s stake will reduce to 4% in the promoter entities.

Both these promoter…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Jewelbox Bags $3.2 Mn To Sell Lab-Grown Diamond Jewellery

SUMMARY The funding round was led by V3 ventures,...

Startup funding hit records in Q1. But the outlook...

Startups attracted $91.5 billion in venture capital funding...

Will Google’s Job Cuts Affect Its Workforce in India?

Tech giant Google is reportedly planning to lay off...

Popular

Upcoming Events

Wipro reverses headcount to add 614 employees in Q4,...

India's fourth-largest software services firm Wipro added a...

Zepto Renames Its Registered Entity Ahead Of IPO

SUMMARY Zepto has now reportedly changed the name of...

Investors vs. WazirX: Supreme Court Agrees to Hear Case...

The Supreme Court of India has accepted a criminal...
GdfFD GFD GFD GFD GFD GFD GFD GFD DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG DFG