Divestment3 Jun 2026, 09:22 pm
HFCL Approves Raddef Divestment & HASPL Investment
AI Summary
HFCL Limited's board approved the disinvestment of up to 80% of its subsidiary Raddef Private Limited to HASPL for ₹375 Crore. Additionally, HFCL will invest ₹89.25 Crore in HASPL, increasing its stake to 51.02%. The company is also transferring its thermal weapon sight business to HASPL for ₹50 Crore. HASPL will further acquire HFCL Defence Systems Private Limited for ₹25 Crore and invest ₹25 Crore in its aerostructure business. These moves aim to consolidate HFCL's defence sector presence and expand into aerostructures, leveraging an export order book of ~₹1,890 Crore.
Key Highlights
- HFCL to divest up to 80% of Raddef for ₹375 Crore.
- HFCL invests ₹89.25 Crore in HASPL, stake to be 51.02%.
- Thermal weapon sight business transferred to HASPL for ₹50 Crore.
- HASPL to acquire HFCL Defence Systems for ₹25 Crore.
- Strategic consolidation to strengthen defence business and aerostructures.