Himachal Futuristic Communications (HFCL) has acquired 90% of the equity shares of RADDEF thereby making it a subsidiary of the Company, w.e.f. May 15, 2019. The acquisition would result in benefit of operational synergies and the Company will be able to explore untapped growth in the Telecom and Defence business verticals of the company. The cost of acquisition is Rs 90,000 towards 9,000 fully paid-up equity shares.
HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.
| Company Name | CMP |
|---|---|
| Vindhya Telelinks | 1345.00 |
| HFCL | 91.50 |
| Pace Digitek | 175.10 |
| Bondada Engineering | 359.00 |
| GTL Infrastructure | 1.26 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: