Paras Defence shares rose 4% after the company signed an MoU with Israel’s HevenDrones to establish a joint venture focused on defence logistics drones.

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Paras Defence and Space Technologies shares rose as much as 3.9% on Tuesday to ₹1,429.30 on the BSE, after the company announced a Memorandum of Understanding (MoU) with Israel-based HevenDrones to explore opportunities in both defence and civil drone markets.

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