Shiv Nadar, Chairman HCL Technologies
MUMBAI: HCL Corporation said on Thursday it sold 16.75 million shares, or about 2.5 per cent, in unit HCL Technologies and the sales of the proceeds will be donated to Shiv Nadar Foundation.
The IT services provider tanked 7 per cent on BSE in morning trade amid a report that one of its promoters is likely to offload nearly 1.5 per cent stake in the open market.
Shares of HCL Technologies plunged 7 per cent to a low of Rs 347 a piece on the Bombay Stock Exchange (BSE). The scrip nosedived to Rs 353, down 5.28 per cent, on the National Stock Exchange.
As per the March quarter shareholding pattern available on BSE, HCL Corporation held 50.27 per cent stake in HCL Technologies.
The IT services provider tanked 7 per cent on BSE in morning trade amid a report that one of its promoters is likely to offload nearly 1.5 per cent stake in the open market.
Shares of HCL Technologies plunged 7 per cent to a low of Rs 347 a piece on the Bombay Stock Exchange (BSE). The scrip nosedived to Rs 353, down 5.28 per cent, on the National Stock Exchange.
As per the March quarter shareholding pattern available on BSE, HCL Corporation held 50.27 per cent stake in HCL Technologies.
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