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HFCL to acquire 47.87 per cent stake in Bigcat Wireless

Anthony Fernandes 0 2320 Article rating: 4.3

Himachal Futuristic Communications Limited (HFCL) announced after the trading hours on Tuesday that it has signed a term sheet with Bigcat Wireless Private Limited and its existing promoters to acquire up to 47.87 per cent of the diluted paid-up capital of the company. The total cash consideration of the acquisition is said to be Rs 22.50 crore.

 

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