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NIBE incorporates subsidiary company

26 Jun 2024 Evaluate

NIBE has incorporated subsidiary company in the name of Nibe Space. The company has incorporated subsidiary company on June 25, 2024. The company owns 76% of the shareholding in the new entity viz. Nibe Space. 

The objective of incorporation is to engage in the business of research and development of space and aerospace products, focusing on propulsion systems, satellite launch vehicles and other products with related technology including design, manufacture and testing of various aerospace technology products to be used in domestic and international applications in space sector and related activities by various modes with the use of IT and its applications. 

NIBE (Formerly known as Kavita fabrics) manufactures synthetic fabrics in the form of semi-finished sarees and dress materials. These products are offered in various designs as per customer requirements.


NIBE Share Price

1053.55 5.30 (0.51%)
17-Apr-2026 16:59 View Price Chart
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