HCL VC Nayar divests equity for Rs 42.73 cr
IT services provider HCL Technologies today said its Vice-Chairman, Vineet Nayar, has sold his 0.146% stake in the company for Rs 42.73 crore.business Updated: Dec 08, 2010 13:34 IST
IT services provider HCL Technologies on wednesday said its Vice-Chairman, Vineet Nayar, has sold his 0.146% stake in the company for Rs 42.73 crore. Nayar divested his 0.146% stake in the company by selling 10 lakh shares, held under the family trust, on December 7, HCL Technologies said in a filing to the Bombay Stock Exchange.
Prior to the transaction, Nayar held 0.395% stake in the IT major, which has now reduced to 0.249%. The company share was trading at Rs 430.30 in the early trade, up 0.28% from the previous day's close on the BSE.