Paras Defence Approves Acquisition Of 49 Percent Stake In Himanshi Thermal

Paras Defence and Space Technologies Ltd, a leading player in defence and aerospace manufacturing, announced board approval for acquiring a 49 percent equity stake in Himanshi Thermal. The acquisition is expected to bolster Paras Defence’s capabilities in thermal imaging, cooling systems, and advanced technology solutions critical for defence and space missions.  

Himanshi Thermal specializes in thermal management systems, which are increasingly vital in modern defence equipment and aerospace applications. By partnering with Himanshi Thermal, Paras Defence aims to integrate innovative thermal solutions into its product portfolio, thereby enhancing operational efficiency and expanding its technological edge.  

Industry experts view this acquisition as a strategic step that aligns with India’s push for indigenous defence manufacturing and advanced technology development. The collaboration is expected to create long-term value for shareholders while supporting national defence initiatives.  

Key Highlights 

• Paras Defence approves acquisition of 49 percent equity in Himanshi Thermal  
• Strengthens expertise in thermal imaging and cooling systems  
• Enhances defence and aerospace product portfolio  
• Supports India’s indigenous defence manufacturing push  
• Expected to create long-term shareholder value  

Sources: Economic Times, Business Standard, Company Filing