Investment25 Jun 2026, 09:10 pm
HCL Tech Invests ₹1,427 Cr in AI Startup Sarvam AI
AI Summary
HCL Technologies Ltd has completed its investment of ₹1,427.25 crores in Axonwise Private Limited, also known as Sarvam AI. The investment was made on June 25, 2026, through the subscription of 41,421 Series B2 Compulsory Convertible Preference Shares. This acquisition of a 10.46% stake in Sarvam AI, an Indian incorporated company, is now finalized. The Series B2 CCPS will be converted into equity shares at a future date. This move signifies HCL Tech's strategic commitment to the artificial intelligence sector.
Key Highlights
- HCL Tech invested ₹1,427.25 crores in Sarvam AI.
- Acquired a 10.46% stake in the AI startup.
- Investment completed via Series B2 CCPS subscription.
- Shares to be converted to equity at a later date.
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