Announced Wed, 3 Jun, 2026 · 21:30 IST
HFCL consolidates defence biz under HASPL via multiple deals
HFCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.1%1-day move
₹199.43
prior close
₹200.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+1.3+1.2+1.2-6.1-10.8-11.1-15.2-17.3-9.5+7.8+12.9+1.4+16.1
Up moveDown movePending
AI summary
HFCL will invest 89.25 Crore in subsidiary HASPL as part of a 175 Crore funding round, retaining 51 percent stake. It will also sell Raddef (75 Crore) and its thermal weapon sight unit (50 Crore) to HASPL. HASPL will separately buy 100 percent of HDSPL (formerly Spiral EHL) from Defsys for 25 Crore, plus Defsys's aerostructure business for 25 Crore. Goal: build a focused defence platform with access to about 1,890 Crore export order book. Expected to close in 2026.
Likely market impact
Restructures defence arm under HASPL to tap a 1,890 Crore export pipeline. HFCL keeps 51 percent control, expected to close in 2026.