India's Paras Defence rises as unit enters MoU with Spacekawa Explorations

Paras Defence and Space Technologies

12/04/2023 05:12

** Shares of Paras Defence and Space Technologies Ltd
 PRAF.NS  rise as much as 3.4% to 535.95 rupees, their highest
level since Feb. 10
    ** Co, which makes products for defence and space
applications, late on Tuesday said subsidiary Paras Anti-drone
Technologies Pvt. Ltd., entered into Memorandum of Understanding
(MoU) with Spacekawa Explorations Pvt Ltd  urn:newsml:reuters.com:*:nFWN36E12X
    ** MoU for indigenous developments, deployment of space
intelligence, surveillance, reconnaissance payloads
    ** PRAF down 13.8% YTD, as of last close

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))