3 days ago
HAL to Acquire CAE’s Remaining Stake in HATSOFF
HAL has agreed to take full ownership of HATSOFF, a helicopter training company.
HAL will acquire the half of HATSOFF that it does not already own from CAE Canada.
The agreement covers more than 38 million shares, and the stated consideration is nil.
Once the deal is completed, HATSOFF will become a wholly owned subsidiary of HAL.
HATSOFF trains military and civilian helicopter pilots using simulators.
HAL says owning the whole company will make it easier to manage and make decisions.
HATSOFF reported turnover of ₹80.95 crore in the 2025–26 financial year.
The deal is expected to be completed within about 60 days of the share transfer agreement being signed.
HAL announced on October 2, 2026, an agreement to acquire CAE Canada’s remaining 50% stake in HATSOFF.
The deal covers 3,84,04,205 equity shares with a face value of ₹10 each, at nil consideration.
The acquisition would make HATSOFF a wholly owned HAL subsidiary, ending its 50:50 joint-venture structure.
HAL said full ownership would provide management control and streamline decisions; HATSOFF’s simulator training aligns with HAL’s business.
HATSOFF recorded turnover of ₹80.95 crore in FY 2025–26, and completion is tentatively expected within 60 days of signing.
- Who
- Hindustan Aeronautics Ltd (HAL) and CAE, Canada; the stake is in HATSOFF Helicopter Training Pvt Ltd.
- What
- HAL agreed to acquire CAE’s remaining 50% stake in HATSOFF at nil consideration, making it a wholly owned subsidiary.
- Where
- The announcement was made in Mumbai.
- When
- HAL announced the agreement on October 2, 2026; completion is tentatively expected within 60 days of signing the Share Transfer Agreement.
- Why
- HAL cited gaining full management control, streamlining decisions, and alignment between HATSOFF’s simulator-training business and HAL’s main business.
HAL’s stated rationale
Other party’s position
Full ownership and control
HAL’s stated rationale
HAL said the acquisition would give it full management control and streamline decision-making at HATSOFF.
Other party’s position
The article does not report a separate response or rationale from CAE, Canada.
Key facts
- Shares to be acquired
- 3,84,04,205 equity shares
- Face value per share
- ₹10
- Stated consideration
- Nil
- HATSOFF FY 2025–26 turnover
- ₹80.95 crore
- Earlier turnover
- ₹69.55 crore in FY 2024–25; ₹66.49 crore in FY 2023–24
- Expected completion
- Tentatively within 60 days from signing the Share Transfer Agreement
- Approvals
- Administrative approval from the Ministry of Defence’s Department of Defence Production, with concurrence from the Department of Investment and Public Asset Management
Sources
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