HCLTech Completes ₹1,427.25 Cr Sarvam AI Investment

Key Transaction Details

• Scrip Code (NSE): HCLTECH
• Subject: Completion of investment in Axonwise Private Limited, which operates under the name Sarvam AI.

Transaction Summary

HCLTech has completed an investment of ₹1,427.25 crore in Axonwise Private Limited (Sarvam AI), an Indian company. The investment was made by subscribing to 41,421 Series B2 Compulsory Convertible Preference Shares (Series B2 CCPS) of Sarvam AI. These shares were allotted to HCLTech on June 25, 2026. This investment grants HCLTech a 10.46% stake in Sarvam AI. The Series B2 CCPS are scheduled to be converted into equity shares at a later, unspecified date.

Timeline

• Previous Intimation Date: June 15, 2026 (as referenced in the filing).
• Investment and Allotment Date: June 25, 2026.
• Time of Event: 6:00 PM IST.