Key Highlights
- HAL has signed an agreement to acquire the remaining 50% stake in HATSOFF Helicopter Training from CAE Canada.
- The acquisition covers 3,84,04,205 equity shares of HATSOFF.
- The shares have a face value of ₹10 each.
- The transaction involves nil consideration.
- HAL currently holds a 50% stake in HATSOFF.
- Following the acquisition, HATSOFF will become a wholly owned subsidiary of HAL.
- HATSOFF provides simulator-based training for military and civil helicopter pilots.
- HATSOFF recorded turnover of ₹80.95 crore in FY2025-26.
- The acquisition has received administrative approval from MOD-DDP with concurrence from DIPAM.
- The transaction is expected to be completed within 60 days from signing of the Share Transfer Agreement.
Hindustan Aeronautics Limited (HAL) has entered into an agreement to acquire the remaining 50% stake in HATSOFF Helicopter Training Private Limited from CAE, Canada, for nil consideration. The transaction is aimed at converting HATSOFF into a wholly owned subsidiary of HAL.
According to HAL’s regulatory filing dated October 2, 2026, the company has entered into an agreement for the acquisition of 3,84,04,205 equity shares of HATSOFF from CAE, Canada. The shares have a face value of ₹10 each, and the transaction involves no cash consideration.
HAL to Take Full Ownership of HATSOFF
HATSOFF Helicopter Training Private Limited is currently a 50:50 joint venture between HAL and CAE, Canada. The company was established to provide military and civil helicopter pilot training through simulator-based facilities.
Following the transfer of CAE Canada’s shares to HAL, HATSOFF will become a 100% wholly owned subsidiary of HAL. HAL currently holds 50% of the company, while the remaining 50% stake is held by CAE, Canada.
HAL said the acquisition will provide full management control over HATSOFF and streamline decision-making. The company also stated that HATSOFF’s business is aligned with HAL’s main line of business.
HATSOFF Business and Financial Details
HATSOFF operates in the service industry, with its activities focused on simulator-based training for defence and civil customers. Its customers include helicopter pilots from the Indian Air Force, Indian Army, Indian Navy, Coast Guard and Border Security Force.
The company also provides training services for civil helicopter operators, including Pawan Hans Limited and Global Vectra.
HATSOFF was incorporated on January 16, 2008. Its authorised capital stands at ₹76.84 crore, while its paid-up capital is ₹76.80 crore.
The company recorded turnover of ₹80.95 crore in FY2025-26, compared with ₹69.55 crore in FY2024-25 and ₹66.49 crore in FY2023-24.
HAL Acquisition Receives Government Approval
HAL stated that it has received administrative approval from the Ministry of Defence’s Department of Defence Production (MOD-DDP), with concurrence from the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance, for acquiring the full stake held by CAE in HATSOFF.
Since HATSOFF is currently a joint venture in which HAL holds a 50% stake, the transaction falls under the definition of a related-party transaction under the SEBI Listing Regulations. HAL stated that the transaction is not at arm’s length.
Acquisition Expected to Take 60 Days
The acquisition is expected to be completed tentatively within 60 days from the date of signing the Share Transfer Agreement (STA), subject to the applicable requirements.
The transaction does not involve any cash consideration, share swap or other form of consideration. HAL will acquire the 3,84,04,205 equity shares held by CAE, Canada, representing the remaining 50% stake in HATSOFF.