HFCL Limited — JV/Acquisition, 28-10-2024: Acquisition

HFCL B.V., a subsidiary of HFCL Limited, has acquired 100% of HFCL Pty Limited, now its step-down subsidiary, to enhance global operations and meet international demand for its products. The acquisition was made for 1 AUD and aligns with HFCL’s strategy to boost revenue from export markets. HFCL Pty Limited, established recently, focuses on manufacturing and trading telecom products but has yet to begin operations in Australia.