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Hindustan Aeronautics inks pact to acquire stake in ATSOFF Helicopter Training
Oct-03-2026

Hindustan Aeronautics (HAL) has entered into an agreement for acquisition of 50% stake in HATSOFF Helicopter Training i.e., 3,84,04,205 equity shares each with a face value of Rs 10 from CAE, Canada, at NIL consideration.  

HATSOFF is operating as a 50:50 Joint Venture between HAL and CAE, Canada to impart military and civil Helicopter pilot training through operation of simulators. Upon transfer of the above referred shares, HATSOFF will be converted from a Joint Venture Company to a 100% wholly-owned subsidiary of HAL. The line of business of HATSOFF aligns with the main line of business of HAL. The said transaction is expected to be completed tentatively within 60 days from the date of signing the Share Transfer Agreement (STA). 

Hindustan Aeronautics is Bengaluru based Defence Public Sector Undertakings (DPSU) Company engaged in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including, aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.


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