Deals11 Feb 2025, 11:48 pm
NIBE Ltd Enters into Licensing Agreements for Transfer of Technology to Manufacture and Sell 24m Mountain Foot Bridge for ATV
AI Summary
NIBE Ltd has entered into Licensing Agreements with Research & Development Establishment (Engrs), Pune and Pune Research & Development Organisation (DRDO), Ministry of Defence, Government of India for Transfer of Technology to manufacture and sell 24m Mountain Foot Bridge for ATV Including its Launching Systems. The agreements are not related to promoter/ promoter group/ group companies and do not fall under related party transactions. The company is required to disclose additional details to the stock exchange(s) in case of termination or amendment of the agreement.
Key Highlights
- Execution of Licensing Agreements with Research & Development Establishment (Engrs), Pune and Pune Research & Development Organisation (DRDO), Ministry of Defence, Government of India
- Transfer of Technology to manufacture and sell 24m Mountain Foot Bridge for ATV Including its Launching Systems
- Not related to promoter/ promoter group/ group companies
- Does not fall under related party transactions
- Required to disclose additional details to the stock exchange(s) in case of termination or amendment of the agreement