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garnet international ltd
HFCL Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
Sep 01,2025
We wish to inform you that a Share Purchase Agreement (SPA) has been executed today i.e. 01.09.2025 among HFCL Limited Trinity Tech Solutions having its office at 766 24th Cross BSK 2nd Stage Bangalore - 560 070 (hereinafter referred to as theBuyer or Trinity) and Nivetti Systems Private Limited a company incorporated under the Companies Act 2013 having its registered office at Plot No. 166 and 167 5th Floor PID No. 178-M-0021 21st Main Road 100ft Ring Road JP Nagar 2nd Phase Bangalore - 560078 (Nivetti). Under the terms of the SPA the Company has agreed to sell its entire stake i.e. 217594 equity shares representing 15.19% of the total shareholding in Nivetti to Trinity in one or more tranches for a total consideration of ?52.51 crore. The details as required under SEBI Master dated November 11 2024 read with SEBI Circular dated December 31 2024 are as per attached letter.