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The Latest Breaking News from ideaForge

Ideaforge raises Rs 500 crore via QIP to fund next phase of growth

The company allotted a total of 62,89,308 equity shares of a face value of Rs 10 each at an issue price of Rs 795 per share, representing a discount of Rs 40.86 (4.89 per cent of the floor price) determined as per market regulator SEBI guidelines, the company said in…

The Economic Times

Paras Defence, ideaForge, other defence stocks slide up to 5%. What’s triggering the selloff?

Defence stocks declined up to 5% as investors booked profits after a sharp rally triggered by the Defence Acquisition Council’s approval of Rs 52,000 crore worth of acquisition proposals. Despite the correction, brokerages remained positive on the sector, citing strong order inflows and execution opportunities for companies such as HAL…

The Economic Times

Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy

Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.

The Economic Times

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Drone Fraud Case: Ideaforge claims customer misled state authorities

After Supreme Court refused to quash the criminal proceedings against Ideaforge in drone fraud case, the company has issued a clarification. A must read on Dynamite News:

Dynamite News

Court orders ideaForge executives to furnish surety bonds

IdeaForge Technology Limited, along with its top executives appeared before the XI Metropolitan Magistrate Court in Saidapet on Tuesday. Read further on Dynamite News:

Dynamite News

SC refuses to quash the criminal proceedings against Ideaforge in drone fraud case

Supreme Court dismisses petition of Ideaforge and orders Directors to appear for criminal trial proceedings in drone hacking & fraud case. A must read on Dynamite News:

Dynamite News

Army signs deals for 130 tethered drones and 19 tank driving simulators

The long-endurance tether drone systems will be acquired from Bengaluru-based NewSpace Research & Technologies Pvt Ltd. at an approximate value of ₹250 crore and they can be used in high-altitude areas.

The Hindu

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ideaForge Technology makes stellar debut; shares list with 94% premium

NEW DELHI: Shares of drone maker ideaForge Technology made a strong debut on the stock exchanges on Friday, trading at a significant premium of 94% over its issue price of Rs 672. The stock opened at Rs 1,305.10 on the BSE, representing a substantial increase of 94.21%. On the NSE,…

The Times of India

Pandemic led to an uptick in demand for drones: ideaForge

‘Fear of exposure while deploying manpower elevated need’

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