Transaction Details
- Target Entity: HFCL Limited
- Acquisition Date: June 9, 2026 at 3:30 PM
- Company Awareness Date: June 10, 2026 at 9:47 AM
- Percentage Acquired: 0.18% of shareholding
- Number of Shares Acquired: 2,753,500 equity shares
- Total Acquisition Cost: ₹50.04 crore
- Consideration Type: Cash consideration
- Transaction Method: Through stock exchange
Target Company Financials (as at March 31, 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
- Government/Regulatory Approvals Required: None
- Completion Status: Acquisition completed on June 9, 2026
Business Background of Acquired Entity
HFCL Limited (incorporated May 11, 1987) is a leading technology enterprise with operations in:
- High-end Telecom and Defence Equipment
- Optical Fiber, Optical Fiber Cables
- Passive Connectivity Solutions (through subsidiary HTL Limited)
- Creating digital networks for telcos, enterprises and governments
- Engineering, Procurement and Construction Services
Industry Classification: Telecom - Infrastructure
Geographic Presence: Manufacturing facilities in India only
Purpose and Impact of Acquisition
The shares were acquired as part of Maithan Alloys Limited's investment portfolio with view to reap long-term/short-term investment benefits. The company explicitly states it does not intend to acquire control whether directly or indirectly of the management of the target entity.
Additional Information
Information relating to the target entity was obtained from HFCL's website, Annual Report for FY 24-25, and BSE website.