HCL The founder billionaire Shiv Nadar has gifted his 47 percent stake in HCL Corp and Vama Delhi to his daughter Roshni Nadar Malhotra. HCL Tech said in the information given to the stock market that after the transfer, the lights will gain control and Vama will become a majority shareholder of Delhi and HCL Corp. HCL Infosystems Limited has also given similar information. Depending on its stake in Vama Delhi and HCL Corp, she will become the largest shareholder of HCL Infosystems Limited and HCL Tech.
Voting rights will control
She will also get control over voting rights in connection with Vama Delhi’s 12.94 per cent and HCL Corp’s 49.94 per cent stake in HCL Infosystems. In HCL Tech, she will achieve 44.17 percent stake in Vama Delhi and 0.17 percent stake in HCL Corp. The Capital Market Regulatory Securities and Exchange Board of India (SEBI) is allowed to offer Malhotra from openly offering, which will lead to smooth transfer of shares.
Shiva Nadar is at the forefront of charitable works
Shiva Nadar is at the forefront of finance charitable works. According to the charitable list of Edelgive-Hurun India, Nadar’s stake in philanthropic work in FY 2023-24 increased by five percent to Rs 2,153 crore. This amount is much higher than the country’s richest Indian Gautam Adani’s Rs 330 crore and Mukesh Ambani of the second richest Reliance Industries. Ambani is second and Adani is ranked fifth in this list. Bajaj family, interested in the motor vehicle and finance sector, gave 33 percent more Rs 352 crore on an annual basis for charity work and made third place in the list. Kumaramangalam Birla and his family finished fourth with a total donation of Rs 334 crore, which is a 17 percent increase on an annual basis. According to Hurun’s list of rich, there were 203 people who spent more than five crore rupees on work.
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