HCL Technologies Limited (HCLTECH) — nse circular Announcement
HCL Technologies announced on June 15, 2026, a cash investment of **₹1,427.25 crores** to acquire a 10.46% stake in Sarvam AI, a Bengaluru-based sovereign AI startup. The transaction, valued at 41,421 equity shares, marks HCLTech's strategic entry into India's AI ecosystem. Sarvam, incorporated in July 2023, reported INR 45.10 crores revenue (unaudited FY2026) and operates across text, speech, vision, and document AI for banking, insurance, government, and defence sectors. The investment aims to accelerate Sarvam's frontier model development and expand HCLTech's AI capabilities for global clients. No regulatory approvals are required, with completion expected within two weeks of signing.
📄 View Original Announcement (PDF)
About HCL Technologies Limited (HCLTECH)
Information Technology · IT - Software · Listed on NSE
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.