Sebi clears Roshni Nadar’s family share transfer in HCL Tech, aimed at smooth succession

Sebi has granted Roshni Nadar an exemption from making an open offer for her proposed acquisition of shares in HCL Tech’s promoter entities. This move facilitates smoother succession planning within the Nadar family. The transaction is a non-commercial transfer between immediate relatives, exempting it from the open offer requirement.