HCL Technologies Acquires 10.46% Stake in Sarvam AI with Rs 1,427.25 Crore Investment
HCL Technologies Limited has completed a significant investment into Axonwise Private Limited, operating as Sarvam AI, acquiring a 10.46% stake in the company. The transaction was finalized on June 25, 2026.The company invested Rs 1,427.25 crores in Sarvam AI to secure this acquisition stake. This investment involved subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares (Series B2 CCPS) of Sarvam AI. The allotment of these shares occurred on June 25, 2026, completing the acquisition.
The Series B2 CCPS are designed to be converted into equity shares at a later date, providing further flexibility for HCL Technologies Limited as Sarvam AI continues its growth trajectory.
HCLTECH Stock Price Movement
On Thursday, HCL Technologies Limited shares shed 1.2% in trading, settling at ₹1100.7 after declining by ₹13.40. The decline was steep, with the stock plummeting to its 52-week low amidst a heavy volume of nearly 5.9 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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