Investment25 Jul 2025, 01:24 pm
HFCL Ltd. to Raise up to INR 700 Crores and Shift Registered Office
AI Summary
HFCL Ltd. has announced a fundraising of up to INR 700 crores through various permissible modes, subject to shareholder and regulatory approvals. The funds will be used for strategic investments, acquisitions, new business opportunities, and repayment of debt, among other purposes. The company also plans to shift its registered office from Solan, Himachal Pradesh to Gurugram, Haryana, subject to shareholder and regulatory approvals.
Key Highlights
- HFCL Ltd. to raise up to INR 700 crores
- Funds to be used for strategic investments, acquisitions, and new business opportunities
- Proceeds also to be used for repayment of debt and working capital
- Registered office to be shifted from Solan, Himachal Pradesh to Gurugram, Haryana
- Shifting subject to shareholder and regulatory approvals