Archive · 9 Oct 2026
Maithan Alloys Buys 0.07% Stake in HFCL for ₹29.72 Crore
Maithan Alloys bought a small part of another company called HFCL.
It paid ₹29.72 crore for 11.25 lakh shares, equal to 0.07% of HFCL.
The purchase happened on 8 October 2026 through the stock exchange.
Maithan Alloys said it made the purchase as an investment.
It said it does not plan to take control of HFCL.
HFCL works in areas such as telecommunications and defence equipment.
As of 31 March 2026, HFCL reported ₹4,528 crore in turnover and ₹253 crore in profit after tax.
Maithan Alloys acquired 11.25 lakh HFCL equity shares on 8 October 2026.
The 0.07% shareholding was purchased for ₹29.72 crore through the stock exchange.
Maithan Alloys said the investment is intended to pursue long- and short-term benefits.
The company said it does not intend to take direct or indirect control of HFCL’s management.
HFCL reported turnover of ₹4,528 crore, profit after tax of ₹253 crore and net worth of ₹4,727 crore as of 31 March 2026.
- Who
- Maithan Alloys Limited and HFCL Limited.
- What
- Maithan Alloys acquired 11.25 lakh HFCL shares, representing a 0.07% stake, for ₹29.72 crore.
- When
- The transaction was completed on 8 October 2026; Maithan Alloys became aware of detailed particulars on 9 October 2026.
- Where
- The shares were acquired through the stock exchange in India.
- Why
- Maithan Alloys said the acquisition forms part of its investment strategy to seek long- and short-term investment benefits, without seeking control of HFCL.
- Buyer
- Maithan Alloys Limited
- Target
- HFCL Limited
- Stake acquired
- 0.07%
- Shares purchased
- 11.25 lakh equity shares
- Consideration
- ₹29.72 crore
- Transaction date
- 8 October 2026
- HFCL financials as of 31 March 2026
- Turnover: ₹4,528 crore; profit after tax: ₹253 crore; net worth: ₹4,727 crore