HFCL Limited has informed the Exchange about Sale of 2,17,594 equity shares i.e. entire stake, held in Nivetti Systems Private Limited
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HFCL Limited has informed the stock exchange that it has sold its entire holding of 2,17,594 equity shares in Nivetti Systems Private Limited. This means HFCL has completely exited its investment in Nivetti Systems, which operates in the networking and cyber security space. The transaction represents a full divestment of the company's stake rather than a partial sale. No details on the buyer, sale price, or deal value have been disclosed in this filing.
Shareholders should view this as HFCL exiting a non-core or subsidiary business, which could free up capital for its main operations in optical fibre cables and telecom equipment. The financial impact (gain or loss) is unclear until the deal value is announced.