Archive · 1 Sep 2025
HFCL to Sell Stake in Nivetti Systems for ₹52.51 Crore
HFCL, a telecom company, is selling its shares in another company, Nivetti Systems.
The sale is for ₹52.51 crore to Trinity Tech Solutions, with some money already received.
The deal should be finished by mid-October.
At the same time, HFCL reported a loss in the last quarter and a drop in revenue.
To grow, HFCL plans to raise up to ₹700 crore for investments and expansion, including in defense and telecom.
The company's stock price slightly increased on the day of the announcement.
HFCL is selling its entire stake in Nivetti Systems.
The buyer is Trinity Tech Solutions, based in Bengaluru.
The sale price is ₹52.51 crore.
HFCL reported a consolidated net loss of ₹32 crore in the latest quarter.
HFCL plans to raise funds for strategic investments and expansion.
- Who
- HFCL Limited is selling its stake in Nivetti Systems.
- What
- HFCL is selling its entire 15.19% stake in Nivetti Systems.
- When
- The SPA was signed on September 1, with completion expected by October 15.
- Where
- The buyer is based in Bengaluru.
- Why
- Not explicitly stated in the article.
- Seller
- HFCL Limited
- Buyer
- Trinity Tech Solutions
- Stake Sold
- 15.19% of Nivetti Systems
- Sale Price
- ₹52.51 crore
- First Payment Received
- ₹12 crore
- Completion Date
- October 15
- HFCL Share Price (Sept 1)
- ₹71.30