Maithan Alloys acquires 0.17% stake in HFCL for ₹60.09 Cr

Maithan Alloys Ltd has acquired 2,527,000 equity shares, representing a 0.17% stake, in HFCL Limited through the stock exchange for a cash consideration of ₹60.09 Crore. The acquisition, completed on October 1, 2026, is intended for long-term/short-term investment benefits, with no intention to acquire control of HFCL's management. HFCL Limited, a listed entity, operates in the Telecom-Infrastructure industry, specializing in Telecom and Defence Equipment, Optical Fiber, and digital networks. As of March 31, 2026, HFCL reported a turnover of ₹4528 Crore, PAT of ₹253 Crore, and a net worth of ₹4727 Crore. The transaction was conducted at arm's length and is not a related party transaction.