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HCL Tech promoters transfer shares worth over Rs 1k cr

Press Trust of India  |  New Delhi 

HCL Technologies' three promoters today transferred more than 1.24 crore worth over Rs 1,000 crore to another promoter entity.

According to block deal data available on the BSE, Kiran Nadar Museum of Art, Shiv Nadar Foundation and HCL Corporation sold a total of 1,24,25,000 or 0.87 per cent stake in to another promoter group firm Vama Sundari (Delhi).

Individually, Shiv Nadar Foundation sold 52 lakh shares, followed by Kiran Nadar Museum of Art 40.5 lakh and HCL Corporation 31.75 lakh.

These were sold at an average price of Rs 858 a unit, valuing the at Rs 1,066.06 crore, as per the data.

At the end of the March quarter, Vama held 40.89 per cent stake in the IT firm.

HCL Corporation, Shiv Nadar Foundation and Kiran Nadar Museum of Art held 0.87 per cent, 0.36 per cent and 0.28 per cent stake, respectively, in as of the March quarter.

of ended the day on at Rs 849.45, down 0.20 per cent from the previous close.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 21:13 IST