Comments
HFCL has signed a term sheet with Bigcat Wireless Pvt Ltd, Chennai, to acquire up to 47.87 per cent stake from its existing promoters through various tranches for ₹22.50 crore.
The company is acquiring a stake in Bigcat keeping in line with its thrust on addition of next generation products and solutions in wireless communication domain including 4G (LTE-advanced), 5G and other communication technologies, HFCL said. It’s not related party transactions, HFCL further clarified.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.