Hindustan Aeronautics Limited to Take Full Control of HATSOFF Helicopter Training Venture from CAE Canada

Key facts

• Hindustan Aeronautics Limited (HAL) signed an agreement on 2 October 2026, announced via regulatory filing, to acquire the remaining 50 per cent stake in HATSOFF Helicopter Training Private Limited from CAE, Canada, for nil consideration, converting the 50:50 joint venture into a wholly-owned subsidiary.
• The transaction involves the transfer of 3,84,04,205 equity shares with a face value of Rs 10 each, with no cash outlay required from HAL, and is expected to close within 60 days after regulatory formalities, with Ministry of Defence approval already received.
• HATSOFF, incorporated in January 2008 and based in Bengaluru, provides military and civil helicopter pilot training through advanced simulators to customers including the Indian Air Force, Army, Navy, Coast Guard, Border Security Force, Pawan Hans Limited, and Global Vectra.
• HATSOFF has an authorised capital of Rs 76.84 crore and paid-up capital of Rs 76.80 crore, and reported a turnover of Rs 80.95 crore with net profits of Rs 20.07 crore in FY 2025-26.
• HAL stated the acquisition aims to gain full management control, streamline decision-making, and integrate HATSOFF's simulator training business with its core aerospace operations.