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SUBSIDIARY NAME

Titan Defence Systems Ltd

COUNTRY

INDIA

SECTOR/ INDUSTRY

Aerospace, Defence & Space

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

November 22, 2022

ACQUISITION VALUATION

9 BILLION

TOTAL ASSET VALUATION

90 BILLION

TRANSPORT-AVIATION

Titan Defence Systems Ltd: Convinced of the importance of investment with knock-on effect on the economy of the country and creation of employment. • Considering that the IIB-DG is a company located in Washington DC, United States of America, which has significant development resources (technical, physical, financial, management capacity) and wishes to participate in the design, financing, construction and execution of the project • Considering that the owner wishes the projects to be carried out and financed by IIB Development Group, LLC • Considering that the owner and IIB Development

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