Nibe Industrier Ab Class BOMXSTO: NIBE_B

India's NIBE jumps on defense pact with Elbit Systems

· Issued by Nibe Industrier Ab Class B

** Shares of NIBE NSE:NIBE jump 4% to 1,7127.8 rupees, eyes a 4-day rally

** NIBE, engaged in fabricating and machining of defence components, enters a technology collaboration agreement with Israel-based Elbit Systems

** Partnership will enable the manufacturing and supply of a defense system

** Stock up ~8.7% since listing on Feb 2025