Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock

June 7, 2025

Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad’s stock fell over 5% and remains volatile, underperforming Nifty in 2025.

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