Khaitan & Co acts on HFCL ₹555 crore preferential issue

M&A / JV 8 Jun 2026· ₹555 crore · Announced· ✓ Verified

HFCL, a technology company specialising in telecommunications equipment, fiber-optic cables and defence-sector solutions, is conducting a preferential issue of 7.5 crore warrants valued at ₹555 crore to its Promoter and Promoter Group. Khaitan & Co's transaction team, led by Executive Director Sudhir Bassi and Partner Vaibhav Mittal, is managing the structuring and regulatory approvals. This issuance follows HFCL's recent ₹550 crore Qualified Institutional Placement (QIP).

Why it mattersPreferential warrant issuances to promoters require shareholder approval and SEBI DIP compliance; this structuring preserves equity cushion while deploying capital to core stakeholders-a common recapitalisation tool in telecom.
CounselKhaitan & Co
SectorTelecom
Value₹555 crore
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]

Sources

Open in the live tracker →

Related deals