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Tembo Global Industries Ltd. ( (IN:TEMBO) ) just unveiled an announcement.
Tembo Global Industries Ltd. announced that Tembo Defence Products Private Limited is now considered an associate company, holding a 29% stake under the Companies Act 2013. This move aligns with their strategy to explore new business opportunities in the defense sector and enhance manufacturing capabilities, following a significant ₹1,000 crore investment deal with the Maharashtra Government aimed at boosting defense manufacturing and creating employment opportunities.
More about Tembo Global Industries Ltd.
Tembo Global Industries Ltd. operates in the defense product manufacturing industry, focusing on the production and maintenance of armaments, weapons, ammunition, and surveillance communication equipment.
See more insights into TEMBO stock on TipRanks’ Stock Analysis page.