Paras Defence and Space Technologies’ board has approved investment by way of subscription to the equity shares in one or more tranches up to a sum of Rs 7 crore to be offered by Ayatti Innovative (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 Board of Directors at their meeting held on August 20, 2022, have approved the same.
Paras Defence and Space Technologies is primarily engaged in the designing, developing, manufacturing, and testing of a variety of defence and space engineering products and solutions.
Company Name | CMP |
---|---|
Hindustan Aeron | 3951.10 |
Astra Microwave Prod | 706.70 |
Data Patterns (I) | 3063.80 |
Rossell India | 388.10 |
Paras Defence &Space | 757.55 |
View more.. |