Introduction:
Leading defense stock has secured a licensing agreement with DRDO for technology transfer. This deal enables the manufacturing and sale of 24m Mountain Foot Bridges for ATV, supporting the Indian Armed Forces and government agencies with advanced defense infrastructure solutions.
Share Price movement of Nibe:
On February 12, 2025, Nibe Limited opened at ₹1,387.85, reaching a high of ₹1,470.65 and a low of ₹1,295.35, up 4.46% from its previous close of ₹1,389.95. Currently, it is trading at ₹1,452.00, with a market cap of ₹2,075.86 crore.
Nibe share price signs new agreement:
Nibe Limited has signed a licensing agreement with DRDO’s Research & Development Establishment (Engrs), Pune, for technology transfer. The deal allows manufacturing and selling of the 24m Mountain Foot Bridge for ATV, including its launching systems. These bridges will be supplied to the Indian Armed Forces and government agencies.
The agreement does not include any shareholding or related-party transactions. There is no connection between the involved entities and Nibe Limited’s promoter group. The licensing terms focus solely on manufacturing and selling defense infrastructure within India.
No board nominations, conflicts of interest, or special provisions exist in this agreement. Any future amendments or termination will be disclosed as per SEBI norms. The company will provide necessary updates to stock exchanges regarding modifications or impact.
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Recent news About Nibe :
The company has been granted “Mega Project” status by the Government of Maharashtra for its proposed manufacturing facility at MIDC Shirdi, Taluka Rahata, District Ahmednagar.
Ace investor holding of Nibe:
Ace investor Satendrapal Singh Chhabra holds 194,200 shares of Nibe Ltd., representing a 1.36% stake. His holding is valued at ₹28.0 crore at a current price of ₹1,439.95 per share, with no changes from the previous quarter.
Stock performance of Nibe for Period of 1 week, 6 months and 1 year:
Nibe’s stock has shown mixed performance across different periods. Over the past week, it declined by 3.29%. In the last six months, it dropped significantly by 24.4%. However, over the past year, the stock has delivered a strong return of 20.0%, indicating long-term resilience.
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Shareholding pattern of Nibe:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 53.08 | 53.08 | 49.96 |
| FII | 8.27 | 7.8 | 9.58 |
| DII | 0.46 | 0.49 | 0.74 |
| Retail & others | 38.19 | 38.64 | 39.7 |
About Nibe:
Nibe Limited is a defense and engineering company specializing in manufacturing advanced military-grade products. It collaborates with government agencies and defense organizations to develop high-tech solutions, including specialized bridges, components, and infrastructure, supporting India’s defense and strategic initiatives.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
