HFCL sells entire stake in Nivetti Systems for ₹52.51 crore

HFCL Limited announced the sale of its entire 15.19% stake in Nivetti Systems Private Limited, comprising 2,17,594 equity shares, to Trinity Tech Solutions for a total consideration of ₹52.51 crore. A share purchase agreement was executed on September 1, 2025, with the transaction expected to be completed by October 15, 2025.

As part of the agreement, HFCL has already received approximately ₹12 crore on September 1, 2025, with the remaining balance due by October 15, 2025. Nivetti Systems is not an associate or subsidiary of HFCL.

This divestment aims to streamline HFCL's portfolio, as Nivetti Systems does not qualify as an undertaking of the company under the Companies Act, 2013. Trinity Tech Solutions, the buyer, is not affiliated with HFCL's promoter or promoter group.