Paras Defence forms 70% subsidiary Paras Semiconductors for OSAT facility
PARAS · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.3 pts more than its Aerospace & Defense peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Paras Defence board approved incorporating Paras Semiconductors Pvt Ltd as a 70 percent subsidiary. The new unit will set up advanced 3D packaging and heterogeneous OSAT (Outsourced Semiconductor Assembly and Testing) facility focused on AI, HPC, Networking, and Data Center applications. PARAS will invest Rs 7 lakhs for 70,000 equity shares; total paid-up capital Rs 10 lakhs. All cash, no related party concerns.
Strategic move into semiconductor OSAT space targeting AI and data centers. Positive diversification signal, though initial capital outlay is small.