India Tycoon Nadar Gifts HCL Corp, Vama Delhi Stakes to Daughter
- Malhotra will acquire control, become a majority shareholder
- Deeds were executed to streamline succession, ensure stability
This article is for subscribers only.
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Indian billionaire Shiv Nadar, who founded HCL Technologies Ltd., has executed gift deeds to transfer his 47% shareholdings in HCL Corp. and Vama Delhi to his daughter Roshni Nadar Malhotra.