Shiv Nadar Foundation Sells Rs 1,150 Crore Shares in HCL Tech

New Delhi: Shiv Nadar Foundation, the philanthropic initiative of Shiv Nadar, has sold 56 lakh shares worth over Rs 1,150 crore in HCL Technologies - its entire stake in the company - in open market to comply with regulations. "Governance, tax and legal regulations require the Foundation to sell these shares by March 31, 2015. In fulfillment of these conditions, a sale of 56,00,000 shares of HCL Technologies is effected in the o...