Mumbai: Shares of software services major HCL Technologies on Monday fell over one percent following the company's Vice Chairman and CEO Vineet Nayar selling off his stake in the firm.

Defying a strong broader market, HCLT shares fell 1.41 percent to Rs 488 after a positive start at the BSE.

On the NSE, the scrip lost 1.41 percent to Rs 488.60.

Vineet Nayar sold 27,00,000 equity shares of Rs 2 each (0.3896 percent) held by him for Rs 133.58 crore.

Post the transaction, his shareholding in the company has become nil.

Of the 27 lakh shares sold by Nayar, 17 lakh shares were held in the name of two trusts, the company had said in a regulatory filing to the BSE on Friday.

The BSE benchmark Sensex, meanwhile, was trading 132.01 points up at 16,850.88 at 1100 hrs.

(Agencies)

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