Disinvestment/sale of up to 80% (eighty percent) of the paid-up share capital of Raddef Private Limited (Raddef) a non-material subsidiary of HFCL in which as of date HFCL owns 90% (ninety percent) of the paid-up share capital to HASPL for consideration of ?75 Crore (Indian Rupees Seventy-Five Crore only) pursuant to a share purchase agreement (SPA) executed by and amongst HFCL Raddef and HASPL subject to completion of the conditions precedent set out under the SPA.