Three FIIs jointly acquire 2.64% stake in telecom equipment maker HFCL

HFCL, an eligible player in the production-linked incentive scheme for telecom products, had recently informed the stock exchange that it would be raising Rs 750 crore

Three foreign institutional investors -- Vanguard, Quant Mutual Fund and Norges -- have collectively acquired 2.64 per cent in telecom gear makers HFCL Ltd.  

While Vanguard bought 1.86 per cent through four entities -- Vanguard Emerging Markets Stock Index Funds, Vanguard Total International Stock Index Fund, Vanguard Fiduciary Trust and Vanguard FTSE All World Small Caps Index -- Quant acquired 0.55 per cent and Norges 0.23 per cent.

The company’s share price closed today at Rs 69.20 on the bourses.

HFCL, an eligible  player in the production-linked incentive scheme for telecom products, had recently informed the stock exchange that it