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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 17 2019 | 6:50 PM IST