An announcement from Walchandnagar Industries Limited ( (IN:WALCHANNAG) ) is now available.
Walchandnagar Industries Limited announced its decision to acquire a 60.3% stake in Aicitta Intelligent Technology Private Limited, a company specializing in research and development within the defense industry, particularly unmanned systems. This strategic acquisition, involving an investment of up to INR 16 crores, is expected to enhance Walchandnagar’s capabilities in the defense sector, potentially strengthening its market position and offering new opportunities for growth over the next 31 months.
More about Walchandnagar Industries Limited
Walchandnagar Industries Limited operates in the engineering and manufacturing industry, focusing on providing high-quality products and services across sectors such as aerospace, defense, and industrial projects.
YTD Price Performance: -47.24%
Average Trading Volume: 65,281
Current Market Cap: 8.54B INR
For a thorough assessment of WALCHANNAG stock, go to TipRanks’ Stock Analysis page.