Bengaluru, June 25 -- The shares of the Micro-Cap stock specializing in manufacturing automotive lighting systems and defence-grade power supply solutions, jumped upto 4 percent following the acquisition of Spafax International Limited to expand its footprint in the UK and EU defense markets.

With a market capitalization of Rs. 552.75 crores on Wednesday, the shares of Uravi Defence and Technology Limited jumped upto 4.1 percent, making a high of Rs. 515.00 per share compared to its previous closing price of Rs. 494.70 per share.

Uravi Defence and Technology Limited, through its wholly owned subsidiary Bharat Technology Limited, has announced plans to acquire a 100% equity stake in SPAFAX International Ltd, a UK-based company specializi...