HFCL Limited has informed the Exchange regarding 'Update on Sale of 2,17,594 equity shares i.e. entire stake, held in Nivetti Systems Private Limited'.
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Awaiting price reaction for this filing.
HFCL Limited has informed the stock exchange that it is selling 2,17,594 equity shares in Nivetti Systems Private Limited, which represents its entire holding in the company. This means HFCL is fully exiting its investment in Nivetti Systems. No sale price or buyer details have been disclosed in this update. Nivetti Systems is a private company, so the transaction does not directly trigger any open offer obligations. The proceeds and accounting impact (gain/loss) on HFCL's books have not been specified in the filing.
Shareholders should note that HFCL is monetising its complete investment in Nivetti Systems, which could marginally strengthen cash reserves or be re-deployed elsewhere. The financial impact on earnings will depend on the sale price versus the book value, which has not been disclosed yet. In the short term, the stock is unlikely to move sharply unless the deal size is material relative to HFCL's overall business.