Himachal Futuristic Communications (HFCL) is currently trading at Rs. 17.10, up by 0.15 points or 0.88% from its previous closing of Rs. 16.95 on the BSE.
The scrip opened at Rs. 17.45 and has touched a high and low of Rs. 17.45 and Rs. 17.05 respectively. So far 5658 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.30 on 13-Mar-2019 and a 52 week low of Rs. 16.75 on 10-Oct-2019.
Last one week high and low of the scrip stood at Rs. 17.45 and Rs. 16.85 respectively. The current market cap of the company is Rs. 2177.02 crore.
The promoters holding in the company stood at 38.13%, while Institutions and Non-Institutions held 6.53% and 55.34% respectively.
Himachal Futuristic Communications (HFCL) has signed a Term Sheet with BIGCAT Wireless and the existing promoters of BIGCAT, to acquire up to 47.87% of the diluted paid-up equity share capital of BIGCAT, in various tranches, by way of subscribing/ purchasing its equity shares at a total consideration of Rs 22.50 crore.
Pursuant to aforesaid Term Sheet, BIGCAT shall carry out development of advanced wireless communication products including 4G, & 5G wireless products. The Company shall have right to manufacture and sale these products and also own IPR rights of certain products.
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 | 1376.60 |
| HFCL | 95.45 |
| Pace Digitek | 177.15 |
| Bondada Engineering | 359.85 |
| GTL Infrastructure | 1.26 |
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