HHV announces demerger plan to create simplified corporate structure

The revised structure will have two separate entities for vacuum systems and thin film-focused businesses respectively.

Bengaluru-based Hind High Vacuum Co. Pvt. Ltd. (HHV), a thin film and vacuum technology company, has announced a demerger plan to create a simplified corporate structure.

The revised structure will have two separate entities for vacuum systems and thin film-focused businesses respectively. This restructuring aims to unlock growth potential of each of its businesses, the company said in a statement.

The Regional Director, South-Eastern Region, Ministry of Corporate Affairs, Hyderabad has approved the demerger of the Vacuum Systems business into HHV Thermal Technologies Private Limited and Thin Films business into HHV Advanced Technologies Private Limited. Both are 100% subsidiaries of HHV.

(Note: As published in the Hindu Business Line: https://www.thehindubusinessline.com/companies/hhv-announces-demerger-plan-to-create-simplified-corporate-structure/article66968554.ece)