Paras Defence moves up on acquiring 49% stake in Himanshi Thermal
Paras Defence And Space Technologies is currently trading at Rs. 634.05, up by 3.80 points or 0.60% from its previous closing of Rs. 630.25 on the BSE.
The scrip opened at Rs. 630.30 and has touched a high and low of Rs. 637.45 and Rs. 629.40 respectively. So far 305 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 971.80 on 19-May-2025 and a 52 week low of Rs. 401.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 652.70 and Rs. 629.40 respectively. The current market cap of the company is Rs. 5079.02 crore.
The promoters holding in the company stood at 53.20%, while Institutions and Non-Institutions held 6.21% and 40.60% respectively.
Paras Defence and Space Technologies (PARAS) has completed the acquisition of 49% Equity Share Capital of Himanshi Thermal Solutions (Himanshi Thermal) from DefSpace Technologies (DefSpace) on February 19, 2026.
Consequent to the above, Himanshi Thermal has become an Associate Company of PARAS. The acquisition aligns with the company’s strategic objective of expansion. This acquisition has been structured to offer mutual benefits and is expected to create new growth avenues and business opportunities for both organizations at group level, fostering a mutually advantageous partnership.
