US Telephonics Corporation to hike stake in Mahindra defence JV to 49 per cent

SOURCE: ECONOMIC TIMES American defence equipment maker Telephonics Corporation will hike its stake to 49 per cent from 26 per cent inMahindra Telephonics Informations Ltd, a defence joint venture with Mahindra Groupas India opens up the sector to foreign investment. The joint venture, formed betweenMahindra Defense Systems and Telephonics Corp in 2013, makes electronic surveillance […]

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