In the latest data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/succession-planning”>succession planning at India’s largest ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/promoter-backed-companies” target=”_blank”>promoter-backed companies, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/hcltech” target=”_blank”>HCLTech promoter data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/shiv-nadar/profileshow/80266986.cms”>Shiv Nadar, on Thursday, transferred 47% of his shareholding each in two promoter entities including Vama Sundari Investments and HCL Corporation to his daughter ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/roshni-nadar-malhotra” target=”_blank”>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…
