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Paras Defence and Space Technologies informs about outcome of board meeting

20 Aug 2022 Evaluate
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, Paras Defence and Space Technologies has informed that the Board of Directors at their meeting held today (i.e., August 20, 2022), have approved investment by way of subscription to the equity shares in one or more tranches up to a sum of Rs 7,00,00,000 to be offered by Ayatti Innovative (hereinafter referred as 'AIPL') at a price to be determined in accordance with the relevant provision of Companies Act, 2013 and Income Tax Act, 1961. Pursuant to this acquisition, the Company shall be holding approximately 58% stake in the total equity share capital of AIPL, thus resulting AIPL to be the subsidiary company of the Company.

The above information is a part of company’s filings submitted to BSE.

Paras Defence &Space Share Price

781.30 -29.80 (-3.67%)
20-Apr-2026 16:59 View Price Chart
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