Uravi Defence and Technology Limited has informed the Exchange regarding 'Acquisition of Shares of Spafax International Holdings ( Spafax ) Limited by Bharat Technology Limited ( Wholly Owned Subsidiary )'.
URAVIDEF · price
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Awaiting price reaction for this filing.
Uravi Defence and Technology Limited announced that its wholly owned subsidiary, Bharat Technology Limited, has acquired 1,010 shares (10% of share capital) of UK-based Spafax International Holdings Limited. The total consideration paid was 3,40,000 GBP (approximately ₹37-38 lakhs, depending on exchange rate). This follows an earlier intimation made on June 25, 2025 regarding this transaction. The acquisition appears to be a strategic minority stake purchase in an international aviation media/inflight entertainment company.
This is a small minority acquisition (10%) by a subsidiary, not material in size for Uravi Defence, but signals the company's intent to expand internationally into the aviation/defence-adjacent space. Unlikely to move the stock price significantly on its own, but may be viewed as a positive strategic diversification move by retail investors.