Aequs becomes first defence firm to get nod for higher FDI

SOURCE: LIVEMINT Aequs Pvt. Ltd, a Karnataka-based aerospace components manufacturer, has received approval from the foreign investment promotion board (FIPB) to increase overseas funding in its Indian unit to 40% of its equity, making it the first firm to make use of the higher foreign direct investment (FDI) limit notified for the defence sector. The […]



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