Maithan Alloys Acquires 0.05% Stake in HFCL for ₹20 Cr

Maithan Alloys Limited has acquired 780,000 equity shares, representing 0.05% of the total shareholding, in HFCL Limited for a total cost of ₹20 Crore. The acquisition was made through the stock exchange on October 13, 2026, and is considered part of Maithan Alloys' investment strategy for long-term and short-term benefits. The company clarified that this acquisition does not involve gaining control of HFCL's management and is an arms-length transaction. HFCL Limited operates in the Telecom - Infrastructure sector, providing equipment, optical fiber, and EPC services. The acquisition is not a related party transaction and does not require specific governmental or regulatory approvals.