Introduction:
Leading capital goods company has announced the acquisition of a 60.3% stake in AiCitta Intelligent Technology Pvt. Ltd., strengthening its foothold in next-generation defence technology, particularly Unmanned Ground Vehicles (UGVs), to drive innovation in autonomous military systems and advanced engineering solutions.
Share price movement of Walchandnagar Industries:
On March 5, 2025, Walchandnagar Industries Ltd. opened at ₹156.00, rising 1.27% from its previous close of ₹154.05. The stock hit a high of ₹161.75 (up 5.00%) and a low of ₹154.45. By 12:28 PM, it traded at ₹161.75, locked in the upper circuit, with a market cap of ₹897.05 crore.
Walchandnagar Industries Acquires 60.3% Stake in AiCitta Intelligent Technology:
Walchandnagar Industries Ltd. (WIL), a leading engineering company with over 115 years of expertise, has announced the acquisition of a 60.3% stake in AiCitta Intelligent Technology Pvt. Ltd. The deal strengthens WIL’s presence in next-generation defence technology, particularly in Unmanned Ground Vehicles (UGVs).
AiCitta specializes in research, development, and manufacturing of UGVs, which have gained strategic importance in modern warfare. With this acquisition, AiCitta will become a wholly-owned subsidiary of WIL. The transaction is expected to be completed in phases, expanding WIL’s capabilities in high-tech defence solutions.
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This move aligns with WIL’s vision of advancing in defence technology and precision engineering. By integrating AiCitta’s expertise, WIL aims to tap into emerging opportunities in autonomous military systems, reinforcing its position in the evolving defence sector both domestically and globally.
Recent news on Walchandnagar Industries:
As of February 07, 2025, Walchandnagar Industries Ltd. reported a standalone net loss of ₹17.13 crore for Q3 FY25, improving from ₹18.66 crore in Q3 FY24. Sales rose 5.75% to ₹59.07 crore from ₹55.86 crore year-over-year.
Ace investor holding in Walchandnagar Industries:
Ashish Kacholia
Ace investor Ashish Kacholia holds a 3.16% stake in Walchandnagar Industries Ltd., owning 1,754,385 shares valued at ₹28.4 crore. His investment highlights confidence in the company’s growth potential and strategic direction in the capital goods and defense sector.
Stock performance of Walchandnagar Industries for Period of 1 week, 6 months, and 1 year:
Walchandnagar Industries Ltd. has faced a challenging period, with its stock declining 8.47% in a week, 50.8% over six months, and 34.0% in a year, reflecting market volatility and investor sentiment in the capital goods sector.
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Shareholding pattern of Walchandnagar Industries:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 31.50% | 31.50% | 31.60% |
| FII | 0.50% | 0.30% | 0.40% |
| DII | 0.20% | 0.30% | 0.20% |
| Public | 67.80% | 67.80% | 67.90% |
About Walchandnagar Industries:
Walchandnagar Industries Ltd. (NSE: WALCHANNAG) is a heavy engineering and project execution company specializing in EPC/turnkey projects, hi-tech manufacturing, engineering products, and services. It operates across core sectors, delivering advanced solutions for industrial and infrastructure development.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
