Himachal Futuristic Communications (HFCL) has signed a Share Subscription Agreement with Nivetti Systems and the existing promoters of Nivetti, to acquire 15% of the diluted paid-up equity share capital of Nivetti, in one or more tranches, by way of subscribing to its fresh equity. The Company is acquiring stake in Nivetti, keeping in line with thrust on addition of next generation products and solutions in its portfolio for telecom network and cyber security system space.
The acquisition would result in increasing Company's offerings of best in class networking and cyber security products & solutions resulting in growth in its Telecom, IT, Cyber Security & Surveillance business.
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.
