India's HFCL rises on investment in unit, defence business transfer plans

HFCL

04/06/2026 05:18

** Shares of India's HFCL HFCL.NS up as much as 3.07% to 205.54 rupees, last up 1.43%
** Global technology company will invest 892.5 million  rupees ($9.32 million) in its arm, HFCL Advance Systems Private (HASPL)
** Plans to transfer its thermal weapon sight business to HASPL for 500 million rupees and sell up to 80% stake in RADEFF to the unit for 750 million rupees
** YTD stock up 195.03%


($1 = 95.7200 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)
 ((Devika.MadhusudhananNair@thomsonreuters.com;))