TANEJAERO

Aug 7 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• ENTERED INTO INVESTMENT AGREEMENT WITH ZENITH PRECISION

• SIZE OF AGREEMENT AT 50 MILLION RUPEES

Source text for Eikon: ID:nBSE43BqDZ

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** Shares of Taneja Aerospace and Aviation TANE.BO rise 3.2%

** Co got an order worth 58 mln rupees ($694,444) for modification and installation of instrumentation on helicopters

** Stock up 84% so far this year

($1 = 83.5200 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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July 11 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• GETS ORDER WITH BASIC ORDER VALUE 58 MILLION RUPEES

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March 1 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• ENTERED INTO SHAREHOLDERS CUM INVESTMENT AGREEMENT WITH ALTAIR INFRASEC

• AGREEMENT FOR INVESTMENT OF 200 MILLION RUPEES

Source text for Eikon: ID:nBSE1hRSDM

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Recasts with policy details; changes dateline to Feb. 22 to reflect ongoing story

BENGALURU, Feb 22 (Reuters) - India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market.

India's space ambitions got a boost when it became the first country to land a spacecraft near the unexplored south pole of the moon in August - and the fourth to achieve a soft landing - just days after a similar Russian mission failed.

The government said in a statement late on Wednesday that foreign companies could invest in the manufacture of components and systems or sub-systems for satellites up to 100% without approval.

Foreign firms planning to build satellites in India would not require government approval up to 74% of the investment; for investment in launch vehicles, investment could go up to 49% without such approval, the statement said.

India has privatised space launches and is aiming for a five-fold increase in its share of the global launch market, which some expect to be worth $47.3 billion by 2032. India currently accounts for about 2% of the space economy.

The country hopes that liberalised rules for the space sector, long controlled by the government, will draw interest from Elon Musk’s SpaceX and Jeff Bezos' Blue Origin, among others.

The foreign direct investment policy reform is expected to boost employment and will allow companies to set up manufacturing facilities in India, the government said in the statement.

"This will give India access to the latest tech advances and much-needed funds, not only from the country but from international investors too," said A.K. Bhatt, director general of the Indian Space Association.

Space-related India stocks such as Paras Defence and Space Technologies PRAF.NS, MTAR Technologies MTAR.NS, Taneja Aerospace and Aviation TANE.BO and Apollo Micro Systems APLL.NS climbed 2% to 5% on Thursday.

(Reporting by Nivedita Bhattacharjee, Angela Christy, Mrinmay Dey, Kanjyik Ghosh; Editing by Emelia Sithole-Matarise and Gerry Doyle)

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Dec 29 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• ENTERED INTO MEMORANDUM OF UNDERSTANDING WITH ALTAIR INFRASEC

• SIZE OF AGREEMENT 35 MILLION RUPEES

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Dec 26 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• TANEJA AEROSPACE AND AVIATION LTD - APPROVED RAISING OF FUNDS THROUGH ISSUE OF EQUITY SHARES THROUGH PREFERENTIAL ISSUE

• TANEJA AEROSPACE AND AVIATION LTD - APPROVED RAISING OF FUNDS WORTH UPTO 200 MILLION RUPEES

• TANEJA AEROSPACE AND AVIATION LTD - APPROVED RESIGNATION OF MAHENDRA NALLURI AS CHIEF FINANCIAL OFFICER

Source text for Eikon: ID:nBSEbH758s

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Dec 19 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• TO CONSIDER RAISING OF FUNDS THROUGH ISSUE OF EQUITY SHARES THROUGH PREFERENTIAL ISSUE

Source text for Eikon: ID:nBSE4sxBlm

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July 28 (Reuters) - Taneja Aerospace and Aviation Ltd TANE.BO:

• TANEJA AEROSPACE AND AVIATION LTD - INTERIM DIVIDEND OF 2.5 RUPEES PER SHARE

Source text for Eikon: ID:nBSE9rz0Pd

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