HFCL Limited witnessed substantial institutional trading activity with a significant block trade executed on the National Stock Exchange (NSE). The transaction represents a notable movement in the telecom equipment company's shares.

Block Trade Details

The block trade involved a substantial volume of shares with specific pricing parameters that highlight the scale of the transaction.

Market Significance

Block trades typically represent large institutional transactions that occur outside the regular market trading mechanism. These transactions often involve mutual funds, insurance companies, foreign institutional investors, or other large stakeholders making significant portfolio adjustments.

The execution of this block trade at ₹64.60 per share indicates the price level at which institutional investors were willing to transact in HFCL shares. Such transactions can provide insights into institutional sentiment and major shareholding changes in the company.

Company Context

HFCL Limited operates in the telecom equipment and infrastructure services sector, positioning itself as a key player in India's telecommunications industry. The company's shares have attracted institutional attention, as evidenced by this significant block trade activity involving 30.38 lakh shares worth ₹19.62 crores.

MN Ventures Private Limited and its Persons Acting in Concert (PACs) have disclosed a substantial disposal of shares in HFCL Limited, filing the mandatory disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations on December 29, 2025.

Share Disposal Details

The promoter group disposed of a total of 2.25 crore shares through various transactions between July and November 2025. The disposal involved multiple entities within the promoter group, with MN Ventures Private Limited leading the divestment.

Shareholding Changes

The transactions resulted in a significant change in the promoter group's overall holding in HFCL. Before the disposal, the combined holding of MN Ventures and PACs stood at 31.58% of the total share capital.

Transaction Timeline and Method

The share disposals occurred across multiple dates between July 31, 2025, and November 25, 2025. The transactions were executed through open market sales, transfers on account of mergers, and adjustments due to QIP allotment effects.

Key transaction dates included:

• July 31, 2025
• August 04, 2025
• August 21, 2025
• September 18, 2025
• September 19, 2025
• November 25, 2025

Impact on Share Capital Structure

HFCL's equity share capital witnessed an increase during this period, rising from ₹144.27 crores to ₹153.06 crores. This expansion in share capital, comprising equity shares of Re.1 each, contributed to the dilution effect on existing shareholdings.

The disclosure indicates that the change in holding resulted from a combination of factors, including a 1.70% reduction due to sales and purchases, and a 1.73% change due to QIP allotment, totaling a 3.43% overall change in shareholding structure.

Regulatory Compliance

The disclosure was filed by Anil Kumar Jain, Whole-time Director of MN Ventures Private Limited, ensuring compliance with SEBI regulations. The filing included comprehensive details of all promoter group entities and their respective shareholdings, maintaining transparency in corporate governance practices.