**Meta:** Shiv Nadar transfers 47% stake in HCL Corp. to daughter Roshni Nadar Malhotra for succession planning.
**Content:**
### Shiv Nadar Transfers Stake to Roshni Nadar Malhotra
**Who:** Shiv Nadar, founder of HCL Technologies Ltd.
**What:** Executed gift deeds to transfer 47% shareholdings in HCL Corp. and Vama Delhi.
**When:** The announcement was made in an exchange filing late Friday.
**Where:** HCL Corp. and Vama Delhi, part of HCL Technologies Ltd.
**Why:** To streamline succession and ensure continuity of ownership and control within the Shiv Nadar family.
### Control and Majority Shareholding
Following the transfer, Roshni Nadar Malhotra will gain control and become the majority shareholder of both Vama Delhi and HCL Corp. Additionally, she will assume control over the voting rights associated with:
– 12.94% stake held by Vama Delhi in HCL Infosystems
– 49.94% stake held by HCL Corp. in HCL Infosystems
### Succession Planning
The executed gift deeds are part of a private family arrangement aimed at facilitating a smooth succession process. This strategic move is designed to ensure stability and continuity in ownership and control by the Shiv Nadar family, thereby providing the desired stability to the company.
**Conclusion:** How do you think this transfer will impact the future of HCL Technologies?
**FAQs:**
**Q: What percentage of shares did Shiv Nadar transfer to his daughter?**
A: Shiv Nadar transferred 47% of his shareholdings in HCL Corp. and Vama Delhi to his daughter, Roshni Nadar Malhotra.
