The board cleared the proposal on December 8, 2025, at its meeting in Muscat, Oman.
The company expects the greenfield unit to create strong strategic synergies across its businesses, further supporting India’s broader goal of enhancing self-reliance in defence production.
The FPI selling in December was dominated by BFSI and IT, with full-year FPI selling at $18.8 Billion
The development features modern towers designed to offer privacy, comfort and contemporary interiors.
The total consideration for the transaction is ₹1,212 crore, according to the company’s disclosure.
Here are some of the stocks that may see significant price movement today: Siemens, Larsen & Toubro, Mahindra & Mahindra, etc.
The collaboration will also include work on advanced semiconductor packaging technologies, an area critical to building a complete domestic chip ecosystem.
According to brokerages, about 14.92 Crore or 2% of the company’s outstanding equity will become eligible for trading once the lock-in period ends.
FPIs net sold equities worth $(1,315) Million this week, as global uncertainty continued to haunt
EPIC, which is listed in Saudi Arabia, has entered into a contract with the Saudi Water Authority for the manufacturing and supply of steel pipes.
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