Maithan Alloys Acquires 0.18% Equity Stake in HFCL Limited through Stock Exchange

Maithan Alloys Acquires 0.18% Equity Stake in HFCL Limited through Stock Exchange​

Maithan Alloys Limited has acquired a small equity stake in HFCL Limited through the stock exchange, marking part of its investment portfolio. The transaction was completed on June 9, 2026, involving a cash consideration totaling Rs. 50.04 Crore.

The acquisition represents a 0.18% shareholding, which includes 2,753,500 shares. According to the details provided, Maithan Alloys Limited made the purchase through stock exchange mechanisms and stated that the investment is intended for long-term or short-term benefits. The company confirmed it does not intend to gain control over the management of the Target Entity.

HFCL Limited, which was acquired, operates in the Telecom Infrastructure sector. It is described as a leading technology enterprise with specialized operations spanning high end Telecom and Defence Equipment, Optical Fiber Cable manufacturing, and Passive Connectivity Solutions through its subsidiary, HTL Limited. HFCL also focuses on creating digital networks for corporations, governments, and telecom providers, alongside offering Engineering, Procurement, and Construction Services (EPCM).

The acquisition was conducted at arm's length, confirming that neither the transaction nor the acquired entity’s management has a related party interest with Maithan Alloys Limited.

Company Profile and Financial Snapshot​

The details regarding HFCL Limited as of March 31, 2026, and its turnover history are provided below:


The turnover history for the company over the last three financial years is as follows:

MAITHANALL Stock Price Movement​

As of 12:54 PM, shares of Maithan Alloys Limited are shedding value in live trading, slipping 2.07% and currently sitting at ₹981.3. The stock has seen a total traded volume of 12,113 shares during the current market session.