HFCL’s promoter -- MN Ventures has acquired 5 lakh equity shares of the company from the open market. The transaction has raised its holding to 22.48 per cent from 22.44 per cent.
HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL Limited facilities in Chennai and Hosur.