Investment3 Jun 2026, 09:22 pm
HFCL Ltd Invests ₹89 Cr in HASPL, Divests Raddef for ₹75 Cr
AI Summary
HFCL Ltd's board approved several strategic transactions aimed at strengthening its defence business. The company will invest ₹89.25 Crore in its subsidiary HFCL Advance Systems Private Limited (HASPL) and divest up to 80% of Raddef Private Limited for ₹75 Crore. Additionally, HFCL will transfer its thermal weapon sight business to HASPL for ₹50 Crore. HASPL will also acquire HFCL Defence Systems Private Limited for ₹25 Crore and acquire the aerostructure business of Defsys. These moves aim to create a focused defence platform with an export order book of approximately ₹1,890 Crore.
Key Highlights
- HFCL invests ₹89.25 Cr in subsidiary HASPL to build a defence platform.
- Divests 80% of Raddef for ₹75 Cr and transfers TWS business for ₹50 Cr.
- HASPL acquires HFCL Defence Systems for ₹25 Cr and Defsys' aerostructure business.
- Strategic move to strengthen defence sector presence and leverage export orders.
- HASPL's shareholding changes post-investment, HFCL retains majority control.