Introduction:
Defence stock has acquired an additional 580 equity shares of SKL (India) Private Limited for INR 57,91,881. This acquisition resulted in the stock holding 50.01% of SKL, making it a subsidiary and marking a significant expansion in the Defence sector.
Share Price movement of Uravi Defence and Technology:
On February 17, 2025, Uravi Defence and Technology Ltd opened at ₹413.00, reaching a high of ₹413.00 and a low of ₹402.00, down 1.82% from its previous close of ₹413.00. Currently, it is trading at ₹405.50, with a market cap of ₹446.05 crore.
Uravi Defence and Technology acquires stakes in SKL:
Uravi Defence and Technology Limited has informed the stock exchanges about its further acquisition of shares in SKL (India) Private Limited. The company acquired an additional 580 equity shares for INR 57,91,881 on February 14, 2025.
As a result of this acquisition, Uravi now holds 50.01% of SKL’s total paid-up equity share capital. With this stake, SKL has become a subsidiary of Uravi Defence and Technology Limited, marking a significant step in the company’s expansion.
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This marks another milestone in the company’s strategic growth initiatives in the Defence sector.
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Recent news About Uravi Defence and Technology :
Uravi Defence and Technology Limited has recently announced its unaudited financial results for the quarter and nine months ending December 31, 2024. The company reported a total income of ₹10.39 crore for the quarter, a 7.18% decrease from the previous quarter. The profit after tax (PAT) stood at ₹0.28 crore, reflecting a 9.81% decline compared to the prior quarter.
Stock performance of Uravi Defence and Technology for Period of 1 week, 6 months and 1 year:
Uravi Defence and Technology experienced a slight decline of 1.24% over the past week. Over the past six months, the stock saw a drop of 16.7%. However, its one-year return stands at a solid 41%, showcasing long-term growth potential despite recent short-term fluctuations.
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Shareholding pattern of Uravi Defence and Technology:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 72.73 | 72.73 | 72.73 |
| FII | 4.03 | 3.61 | 3.61 |
| Retail & others | 23.26 | 23.66 | 23.66 |
About Uravi Defence and Technology:
Uravi Defence and Technology is a defense sector company focused on providing advanced technology solutions. It specializes in manufacturing and supplying defense equipment, aiming to enhance national security capabilities. The company is committed to innovation, quality, and meeting defense sector needs.
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.
