Paras Defence and Space Technologies has informed that the company has entered into an MOU (Memorandum of Understanding) on March 14, 2023 with CONTROP Precision Technologies, (‘CONTROP’), Israel with an intent to create new opportunities and expand both parties' business in the Indian and Global Defence sector. To support the MOU objectives, the parties intend to form a Joint Venture Company (‘JV’) in India for manufacturing Electro-Optic Systems for various applications, all in accordance with the Government of India's Make in India initiative. Further, the details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 shall be disclosed at the time of entering into Joint Venture agreement for the proposed investment.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Hindustan Aeron | 4779.30 |
Astra Microwave Prod | 761.40 |
Data Patterns (I) | 3174.75 |
Rossell India | 469.20 |
Paras Defence &Space | 783.75 |
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