Nibe (NSE:NIBE, BSE:543387) said its subsidiary, Nibe Space, has received registration approval from IN-SPACe to operate as a 'Data Disseminator' for Earth Observation data related to Indian territory with Ground Sampling Distance above 30 cm.
The registration enables Nibe Space to distribute space-based data in line with national regulations, according to a Monday filing with the Indian bourses.
Shares of Nibe were up 5% in recent trading.
Price (INR): ₹1275.95, Change: ₹+61, Percent Change: +5.00%
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