Sale of entire Nivetti stake: completion date extended to on or before December 31, 2026
HFCL has told the exchanges that an Addendum to the Share Purchase Agreement for the sale of its entire stake in Nivetti Systems Private Limited has been executed.
- Revised completion date
- on or before December 31, 2026
- Earlier completion date
- September 30, 2026
- Stake being sold
- 2,17,594 equity shares — the entire holding in Nivetti
- Buyer
- Trinity Tech Solutions
What has been announced
HFCL has informed the exchanges about an update to the sale of its entire stake in Nivetti Systems Private Limited. The transaction is governed by a Share Purchase Agreement entered into among HFCL Limited, Trinity Tech Solutions (described in the update as the buyer) and Nivetti.
The update is on timing, not on the substance of the deal.
- An Addendum to the Share Purchase Agreement was executed today.
- Completion of the transaction is now scheduled on or before December 31, 2026.
- The previously communicated completion date was September 30, 2026.
What is being sold
- 2,17,594 equity shares in Nivetti Systems Private Limited.
- This represents the company's entire stake in Nivetti, as stated in the subject line of the update.
The agreement as a whole
The update states that all other points disclosed as per the earlier intimation remain unchanged. In other words, apart from the completion timeline, the terms and disclosures already placed on record are carried forward.
How a reader can look at it
The company has disclosed a change in the scheduled completion date of a stake sale that was already announced. The buyer and the stake size remain as earlier communicated, and the company has confirmed the rest of the earlier disclosures are unchanged. Such an update is relevant for anyone tracking the company's proposed exit from this investment and the timeline attached to it.
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More numbers
- Equity shares of Nivetti Systems Private Limited being sold (entire stake)2,17,594 equity shares
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