Synopsis:

IdeaForge’s subsidiary has partnered with First Breach Inc. to form a 50:50 joint venture for manufacturing and distributing UAVs in the U.S

The shares of Defence Company, specializing in the design, manufacturing, and sale of unmanned aircraft systems (UAS) and drones, jumped upto 4 percent upon signing a joint venture agreement with US-based First Breach Inc for designing, manufacturing, and selling specific IdeaForge UAVs in the United States.

With a market capitalization of Rs. 2,331.94 Crores on Wednesday, the shares of Ideaforge Technology Ltd jumped upto 3.6 percent, making a high of Rs. 552.55 compared to its previous closing price of Rs. 533.05.

What Happened

Ideaforge Technology Ltd, engaged in the design, manufacturing, and sale of unmanned aircraft systems (U

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