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HFCL to acquire 47.87% stake in BIGCAT Wireless
Jan-29-2020

Himachal Futuristic Communications (HFCL) has signed a Term Sheet with BIGCAT Wireless and the existing promoters of BIGCAT, to acquire up to 47.87% of the diluted paid-up equity share capital of BIGCAT, in various tranches, by way of subscribing/ purchasing its equity shares at a total consideration of Rs 22.50 crore.

Pursuant to aforesaid Term Sheet, BIGCAT shall carry out development of advanced wireless communication products including 4G, & 5G wireless products. The Company shall have right to manufacture and sale these products and also own IPR rights of certain products.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.

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