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Sebi approves Roshni Nadar's acquisition of HCL Tech promoter shares
The Securities and Exchange Board of India (SEBI) has approved Roshni Nadar Malhotra's acquisition of a majority stake in two promoter group companies of HCL Technologies from her father, Shiv Nadar. This move is part of the Nadar family's succession planning, maintaining the overall promoter shareholding at 60.82 percent. The exemption order, issued on November 22, allows her to acquire shares in Vama Sundari Investments and HCL Corporation, a significant non-banking finance company.
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