HCL Tech shares fall after Vineet Nayar sells stake

Shares in HCL Tech, India's fourth largest IT exporter, fell the most on the Nifty index Monday on the news that the company's vice chairman and CEO Vineet Nayar has sold 27 lakh shares held by him in the company for Rs 133.58 crore.Nayar sold 27,00,000 equity shares of Rs 2 each (0.3896 per cent) held by him Friday. Post the transaction, his shareholding in the company has become nil.Hitesh Shah, analyst at IDFC Securities told NDTV...