Tuesday , October 19 2021

HFCL to acquire 50.10% stake in DragonWave HFCL

Himachal Futuristic Communications (HFCL) has received approval for acquisition of 50.10% of the equity shares in DragonWave HFCL India (DHIPL), a joint venture company, from DragonWave, Singapore, JV Party, at a total consideration of Rs 2.80 crore.

The Company had entered into a Joint Venture Agreement with Dragon Wave Inc., Canada dated October 18, 2010. The Board of Directors of the Company at its meeting held on October 21, 2019 has approved the same.

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.ac

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