HCLTech completes Rs 1,427 cr investment in Sarvam AI, acquires 10.46% stake
HCLTECH · price
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HCLTech has completed its Rs 1,427.25 crore investment in Axonwise Private Limited (Sarvam AI), an India-based AI company, by acquiring a 10.46% stake. The investment was made through subscription of 41,421 Series B2 Compulsorily Convertible Preference Shares, which will later convert into equity. The deal, first announced on June 15, 2026, was completed on June 25, 2026. This is a strategic minority investment aimed at strengthening HCLTech's presence in the artificial intelligence space.
Minority strategic bet on AI; 10.46% stake is below open offer threshold, so no mandatory tender offer. Mildly positive sentiment signal.