Uravi Defence and Technology is currently trading at Rs. 502.00, up by 7.30 points or 1.48% from its previous closing of Rs. 494.70 on the BSE.
The scrip opened at Rs. 515.00 and has touched a high and low of Rs. 515.00 and Rs. 502.00 respectively. So far 112 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 669.95 on 18-Jul-2024 and a 52 week low of Rs. 292.95 on 19-Mar-2025.
Last one week high and low of the scrip stood at Rs. 515.00 and Rs. 484.00 respectively. The current market cap of the company is Rs. 552.20 crore.
The promoters holding in the company stood at 70.93%, while Institutions and Non-Institutions held 4.82% and 24.25% respectively.
Uravi Defence and Technology’s wholly-owned subsidiary -- Bharat Technology (Acquirer) along with its affiliates, has entered into a Share Purchase Agreement with Andrew McLaren Burnell, Cosima Strong, Louis Strong, Oliver Strong and Georgia Mary Strong (Sellers) to acquire 100% stake of Spafax International Holdings (Spafax or Target Company).
The strategic rationale behind this acquisition is to expand the company’s footprint in the UK and EU defense markets, while leveraging Spafax's patented mirror technology for both military and commercial applications. This move will also enable the company to integrate advanced camera systems and safety features, ultimately strengthening our global positioning in defense innovation.
The plan involves acquiring a majority stake in 2026, with the acquisition structured across multiple tranches. As per the Share Purchase Agreement, the total consideration payable to the Sellers is approximately 3,418,000 pound and may vary as per the formula agreed between the contracting parties, which will be paid in multiple tranches.
Uravi Defence and Technology (formerly known as Uravi T and Wedge Lamps) manufactures automotive component for OEM and aftermarket sectors.
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