TASL Buys Stake In HBL Elta Avionics

NEW DELHI — Tata Advanced Systems Ltd. (TASL), a Tata Group company, has purchased a 74% stake in Hyderabad-based HBL Elta Avionics — its first defense acquisition. The purchase price was not disclosed. The remaining 26% of HBL continues to be held by its partner, ELTA Systems, a unit of Israel...

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