HCL Technologies' three promoters today transferred more than 1.24 crore shares 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 shares or 0.87 per cent stake in HCL Technologies to another promoter group firm Vama Sundari Investments (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.
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 HCL Technologies as of the March quarter.
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