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Himachal Futuristic Communications Buyouts RADDEF

Himachal Futuristic Communications (HFCL) buys 90% of the equity shares of RADDEF. With this buyout, HFCL becomes a subsidiary of the Company, w.e.f. May 15, 2019.

Himachal Futuristic Communications

The acquisition would result in benefit of operational synergies and the Company will be able to explore untapped growth in the Telecom and Defence business verticals of the company. The cost of acquisition is Rs 90,000 towards 9,000 fully paid-up equity shares.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.

RADDEF was formed with an aim to provide Common Of The Shelf (COTS), Radio Frequency (RF) & Microwave products to Indian and worldwide customers covering Navy, Military, Aerospace, Process Control & Automation, Communication, Test and Measurement Industry.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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