Paras Defence and Space Technologies (NSE:PARAS, BOM:543367) has entered into a memorandum of understanding with South Korea's Green Optics, according to a Wednesday filing to the Indian stock exchanges.
The MOU involves the design and manufacture of optics and optical systems for space, defence, and other applications, the filing said.
Under the pact, the two companies will establish a framework for joint development, manufacturing, and business development in the areas of optics and optical systems for space and defense applications.
The company's shares were up over 8% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments