Paras Defence & Space Technologies Ltd. ( (IN:PARAS) ) just unveiled an announcement.
Paras Defence and Space Technologies Limited announced the divestment of its entire 100% stake in its wholly owned subsidiary, Paras Green UAV Private Limited, to Euro Asia Exports Limited for a total consideration of Rs. 10,00,000. This transaction marks the cessation of Paras Green UAV as a subsidiary of Paras Defence, potentially streamlining the company’s operations and allowing it to focus on its core business areas. The sale does not involve any related party transactions, and the buyer is not part of the promoter group, indicating a strategic move to optimize the company’s portfolio.
More about Paras Defence & Space Technologies Ltd.
Paras Defence and Space Technologies Limited operates in the defence and space technology sector, focusing on the development and production of advanced technology solutions for these industries. The company is involved in the design, development, and manufacturing of a wide range of defence and space engineering products and services.
YTD Price Performance: -2.66%
Average Trading Volume: 28,126
Current Market Cap: 39.46B INR
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