HCL Infosystems’ promoter Shiv Nadar family-run firm Vama Sundari Investments (Delhi) has increased its stake in the company via open market. Vama Sundari Investments (Delhi), the promoter group company has acquired 80,200 shares of the company for Rs 22.31 lakh during past one week. The promoter has bought these shares at an average price of Rs 27.83 per share.
On March 4, Vama Sundari Investments (Delhi) has purchased 52,220 shares, on March 5, it bought additional 13,000 shares and on March 7 the company acquired another 15,000 shares on the NSE. Since February 3, Vama Sundari Investments (Delhi) has bought 644,758 shares or 0.29% stake in HCL Infosystems, the data shows.
Vama Sundari Investments (Delhi), which hold 43.84% stake in HCL technologies, has nil holding in HCL Infosystems at the end of December 2013 quarter.
