This is further to our earlier announcement dated March 25, 2026, regarding the issuance of 7,50,00,000 (Seven Crore Fifty Lakh) Warrants convertible into equity shares on preferential ....
HFCL · price
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On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.9 pts less than its Telecom - Infrastructure peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HFCL has allotted 75 million warrants to Promoter/Promoter Group entities at ₹74 per equity share. The company received ₹18.50 per warrant (25% subscription) totaling ₹138.75 crore. Allottees include NextWave Communications (Promoter) and Satellite Finance (Promoter Group), each receiving 37.5 million warrants. Upon full conversion, promoter holding will increase from 12.79% to 16.87%, with NextWave moving from 12.73% to 14.47% and Satellite Finance from 0.06% to 2.40%. In-principal approvals from BSE and NSE were received on May 12, 2026, and shareholder approval was obtained at EGM on April 24, 2026.
Promoter holding increase to 16.87% signals strong promoter confidence and brings ₹138.75 crore inflow. However, full conversion will dilute existing shareholders by approximately 4 percentage points in promoter category.