HAL acquires full stake in Hatsoff Helicopter Training
after close1 source ↓machine-written, see hownot a recommendation
- in Hatsoff Helicopter
- 50% stake
- totaling
- 3,84,04,205 equity shares
Hindustan Aeronautics Ltd (HAL) has signed an agreement to acquire the remaining 50% stake in Hatsoff Helicopter Training from CAE, totaling 3,84,04,205 equity shares. This acquisition will convert Hatsoff into a wholly owned subsidiary, enhancing HAL's control and decision-making capabilities in military and civil helicopter pilot training.
The transaction, classified as a related-party deal under SEBI regulations, is expected to streamline operations and align with HAL's core business strategy.
Not investment advice. For informational purposes only.