Announced Mon, 17 Aug · 17:47 IST
Subsidiary LADS signs tech and manufacturing pact with Italy's Alpar
LLOYDSENGG · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹91.20
prior close
₹91.77
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+1.0+0.8+0.5+1.7+1.2-0.4———————
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AI summary
Lloyds Engineering's material subsidiary Lloyds Advance Defence Systems (LADS) has signed an agreement with Italy-based Alpar Ingegneria S.R.L. The deal covers design, development and manufacture of product prototypes, technology transfer to LADS, and licensed manufacturing of products in India. Alpar specializes in advanced systems design and manufacture. No shareholding exchange, no related party link.
Likely market impact
Opens defence and advanced systems manufacturing opportunity for LADS through technology transfer and licensed production in India.