HFCL acquires balance stake in DragonWave HFCL India

HFCL has completed the acquisition of balance 50.10% of the Equity Shares in DragonWave HFCL India, a joint venture company, from DragonWave, Singapore, JV Party, at a total consideration of Rs.2.25 crore, pursuant to mutual cessation of the Joint Venture Agreement dated 18 October 2010, thereby making it a wholly-owned subsidiary of the Company, w.e.f. 17 December 2019.

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