India's Aequs rises after MoU with Government of Karnataka

Aequs

27/03/2026 09:03

** Shares of Aequs Ltd AEQU.NS rise as much as 2.4% to 124 rupees

** Precision component maker enters into MOU with the Government of Karnataka for statutory & regulatory facilitation of expansion of manufacturing facilities in Aequs Special Economic Zone, and in Hubballi Durable Goods Cluster

** Adds, estimated cumulative investment in these projects is ~28.56 bln rupees ($301.5 mln) over five years from FY 2026

** More than 1.1 mln shares traded as of 2:27 P.M. IST, over their 30-day moving avg of over 1 mln shares

** AEQU last up 0.3%, cutting YTD losses to 11.9%

($1 = 94.7200 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))