Paras Defence will hold a 30 % stake in the venture, while CONTROP will hold the remaining 70%.
Net sales for the quarter rose by 15.1% YoY, reaching Rs.138.10 crore
The company witnessed a 1% dip in may month sales
TVS Motor Company reported a 9% increase in sales in May
The company further highlighted that it has received these orders from State Government Agencies.
The government announced that from June 1 subsidy will be reduced to 15%.
Company reported a 32.30% y-o-y increase in its domestic sales to 70,795 units.
The floor price for the two-day OFS is set at ₹225 per share.
Manufacturing PMI Stays Strong Above 50 for 22 Straight Months
The company raised $200 million last year, valuing it at $900 million.