Maithan Alloys Limited
Key Transaction Details
- Target Entity: HFCL Limited
- Acquisition Date: 13th October, 2026 at 3:30 P.M.
- Company Awareness Date: 14th October, 2026 at 09:14 A.M.
- Number of Shares Acquired: 780,000 equity shares
- Percentage of Shareholding: 0.05%
- Total Cost of Acquisition: ₹20.00 Crore
- Consideration Type: Cash Consideration
- Transaction Completion: The acquisition has been completed
Target Company Financial Profile (as at 31.03.2026)
- Turnover: ₹4,528 Crore
- PAT: ₹253 Crore
- Networth: ₹4,727 Crore
Historical Turnover of HFCL Limited
- 2025-2026: ₹4,528 Crore
- 2024-2025: ₹3,795 Crore
- 2023-2024: ₹4,075 Crore
Transaction Characteristics
- Related Party Transaction: No
- Promoter/Promoter Group Interest: No
- Arm's Length Transaction: Yes
- Industry: Telecom - Infrastructure
- Country of Presence: India
Objects and Impact of Acquisition
The shares were acquired through the stock exchange and form part of the investment of Maithan Alloys Limited with a view to reap the long-term/short-term investment benefits. Maithan Alloys Limited does not intend to acquire control, whether directly or indirectly, of the management of the Target Entity.
Regulatory Approvals
No governmental or regulatory approvals were required for this acquisition.
Background on Acquired Entity
HFCL Limited (incorporated on May 11, 1987) is a leading technology enterprise with operations in high-end Telecom and Defence Equipment, Optical Fiber, Optical Fiber Cables and Passive Connectivity Solutions (through its subsidiary, HTL Limited). The company creates digital networks for telcos, enterprises and governments and provides Engineering, Procurement and Construction Services.
Additional Information
The information relating to the Target Entity has been obtained from its website and Annual Report for FY 25-26 and BSE website.
Disclosure Recipients
- The Calcutta Stock Exchange Limited
- National Stock Exchange of India Ltd.
- BSE Limited (cc)