NSEUpdates25 Jun 2026 · 25 Jun 2026, 09:03 pm
Updates
HCL Technologies Limited · HCLTECH
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HCL Technologies Limited has completed its investment in Axonwise Private Limited (Sarvam AI) by subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares, acquiring a 10.46% stake in the company.
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HCL Technologies Limited has informed the Exchange regarding 'Updates- HCLTech completes investment in Axonwise Private Limited (Sarvam AI) for acquisition of 10.46% stake'.
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HCLTECH_25062026210255_SEIntimation25June2026Sarvam_AI.pdf
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June 25, 2026
The General Manager The Manager
BSE Limited National Stock Exchange of India Limited
Listing Department Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza
Dalal Street 5th Floor, Plot No. C-1, Block-G
Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E)
Mumbai-400 051
BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH
Subject: Updates- HCLTech completes investment in Axonwise Private Limited (Sarvam AI)
for acquisition of 10.46% stake
Dear Sir/Madam,
This is further to our letter dated June 15, 2026, wherein the Company had intimated for making
investment of Rs.1,427.25 crores in Axonwise Private Limited (“Sarvam AI”), a company
incorporated in India for acquisition of 10.46% stake in Sarvam AI.
We would like to inform you that the Company has on June 25, 2026 invested the aforesaid amount
in Sarvam AI by subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares
(“Series B2 CCPS”) of Sarvam AI, and these Series B2 CCPS have been allotted to the Company
on June 25, 2026. Accordingly, the aforesaid acquisition has been completed. These Series B2
CCPS will be converted into equity shares at a later date.
Date & time of event: June 25, 2026, at 6 p.m. (IST).
This is for your information and records.
Yours faithfully,
For HCL Technologies Limited
Manish Anand
Company Secretary
HCL Technologies Ltd.
Technology Hub, Special Economic Zone Corporate Identity Number: L74140DL1991PLC046369
Plot No. 3A, Sector 126, NOIDA– 201304, UP, India Registered Office:
t: +91 120 4306000 806 Siddharth, 96, Nehru Place, New Delhi -110009, India