HFCL Limited has informed the Exchange about Sale of up to 80% of the paid-up share capital of Raddef Private Limited to HFCL Advance Systems Private Limited
HFCL · price
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HFCL Limited has informed the stock exchange that it will sell up to 80% of the paid-up share capital of its subsidiary Raddef Private Limited to HFCL Advance Systems Private Limited, which appears to be a fellow group company. The transaction is an internal restructuring within the HFCL group rather than an outside sale. Specific deal value, timeline, and approval status have not been disclosed in this filing.
Since the buyer is a group entity, this is likely an internal reorganization with limited immediate impact on shareholders or stock price, though further details on valuation and rationale will be needed for clarity.