HAL Acquires 50% Stake in HATSOFF Helicopter Training for Nil Consideration

Hindustan Aeronautics Ltd (HAL) has entered into an agreement to acquire the remaining 50% stake in HATSOFF Helicopter Training Pvt. Ltd. from M/s CAE, Canada, for nil consideration. This acquisition will convert HATSOFF, currently a 50:50 joint venture, into a wholly-owned subsidiary of HAL. HATSOFF specializes in military and civil helicopter pilot training using simulators. The move aims to gain full management control and streamline decision-making. HAL has received administrative approval for the acquisition, which is expected to be completed within 60 days. The transaction is considered a related party transaction and not at arm's length.