HFCL buys equity stake in Nivetti Systems. The company has signed a share subscription agreement on January 7, 2020, with Nivetti Systems Private and its existing promoters to acquire 15 percent of the diluted paid-up equity share capital of Nivetti, in one or more tranches, by way of subscribing to its fresh equity. The fresh equity shares of Nivetti will be acquire at a total cash consideration of Rs 15.95 crore. The acquisition would result in increasing company’s offerings of best in class networking and cyber security products & solutions resulting in growth in its Telecom, IT, Cyber Security & Surveillance business, said HFCL in release.