Announced Wed, 3 Jun, 2026 · 20:59 IST
HFCL consolidates defence business under HASPL with 175 Crore co-investors
HFCL · price
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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 approved investing 89.25 Crore in subsidiary HASPL as part of a 175 Crore round bringing in co-investors. HFCL retains 51.02% in HASPL. Also selling 80% of Raddef for 75 Crore and transferring Thermal Weapon Sights business for 50 Crore on slump sale. HASPL will acquire HFCL Defence Systems for 25 Crore and Defsys aerostructure unit for 25 Crore. Deal unlocks about 1,890 Crore export order book access.
Likely market impact
Creates focused defence and aerospace platform under HASPL. HFCL retains 51% control and access to 1,890 Crore export order book.