Paras Defence And Space Tech Establishes Aerospace Subsidiary with 60% Stake
Paras Defence And Space Tech has established Paras Avionics Private Limited as a new aerospace and defence subsidiary. The company holds a 60% ownership stake in the subsidiary through a cash investment of ₹0.60 lakh, representing a strategic expansion into specialized avionics operations.
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Paras Defence And Space Tech has announced the establishment of a new subsidiary focused on aerospace and defence operations. The company has set up Paras Avionics Private Limited as a specialized entity within its business portfolio.
Subsidiary Structure and Investment
The new subsidiary has been established with Paras Defence And Space Tech holding a majority stake in the venture. The company's investment details are outlined below:
| Parameter: | Details |
|---|---|
| Subsidiary Name: | Paras Avionics Private Limited |
| Ownership Stake: | 60% |
| Investment Amount: | ₹0.60 lakh |
| Investment Type: | Cash Investment |
| Sector Focus: | Aerospace & Defence |
Strategic Expansion
The establishment of Paras Avionics Private Limited represents a focused approach towards specialized avionics operations within the aerospace and defence sector. This subsidiary structure allows the parent company to develop dedicated capabilities in avionics technology and related services.
The majority ownership stake of 60% ensures that Paras Defence And Space Tech maintains strategic control over the subsidiary's operations while potentially allowing for future partnership opportunities through the remaining ownership structure.
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