Mafatlal Industries (BOM:500264) has entered into a tripartite technology license agreement with the Technology Development Acceleration Cell (TDAC) and National Research Development Corporation, according to a Wednesday filing to the BSE.
The agreement is to produce and sell the products in India under the technical know-how on NavRakshak Ultra PPE Kit, developed by TDAC.
Under the pact's terms, the company will mass manufacture NavRakshak Ultra PPE Kit at its plant and market it in India for three years till Feb. 17, 2028.
Shares of the company were up nearly 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.