HCL Corporation owned by Mr. Shiv Nadar and his family sold 2.5%stake in IT services company HCL Technologies to raise over Rs. 581 croreon last Thursday.
The fund from the sale will be utilized in the philanthropic initiatives in the field of education of the Nadar foundation.
Though HCL Corporation did not disclose the amount it had raised through the transaction according to the market sources the share got sold for Rs. 347 each resulting to Rs 581 crore to be precise.


