Paras Defence and Space has received approval for raising funds aggregating up to Rs 200 crore through Qualified Institutions Placement (QIP) in terms of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) and/or any other permissible mode(s), in accordance with the SEBI ICDR Regulations and other applicable regulations, through public and/or private offerings of equity shares and/or any other convertible securities, in one or more tranches and/or one or more issuances simultaneously, subject to necessary approvals including the approval of the members of the company and such other regulatory/ statutory approvals as may be required. The Board of Directors of the company, at its meeting held on August 27, 2024 has inter alia 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 |
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| Bharat Electronics | 457.65 |
| DCX Systems | 188.00 |
| Astra Microwave Prod | 1062.15 |
| Zen Technologies | 1641.85 |
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