Announced Fri, 2 Oct, 2026 · 19:42 IST
HAL to fully own HATSOFF Helicopter Training by taking its 50% stake from CAE at zero cost
HAL · price
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Price reaction · full curve 14 horizons · vs prior close
+4.9%1-day move
₹4601.00
prior close
₹4601.00
base price
After-mkt
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+1.6+1.4+1.3+1.0+4.9+3.4+1.0———————
Up moveDown movePending
AI summary
HAL will acquire the remaining 50% stake in HATSOFF Helicopter Training from CAE Canada for nil consideration. The 3.84 crore shares at face value of Rs 10 will convert HATSOFF into a 100 percent wholly-owned subsidiary of HAL. HATSOFF runs military and civil helicopter pilot training through simulators and reported FY26 turnover of Rs 80.95 Crs. HAL already holds 50 percent. Deal expected to close in about 60 days.
Likely market impact
HAL gains full management control of a related pilot training business at zero cost, simplifying decisions and consolidating revenue from training operations.