Date: November 12, 2026
Acquisition Details
Aeroflex Neu Limited, the material subsidiary of Aeroflex Enterprises Limited, completed the acquisition of 1,10,000 equity shares of Aerolex Cables Private Limited on November 12, 2026. The purchase consideration was ₹3,100 lakhs, acquired from existing shareholders of Aerolex Cables Private Limited.
The acquisition was executed in accordance with the terms of the Share Purchase Agreement, Shareholders' Agreement and other ancillary transaction documents. This follows the company's earlier intimation dated October 30, 2026, regarding the proposed acquisition.
Post-Acquisition Shareholding Structure
Consequent to this acquisition, Aeroflex Neu's aggregate shareholding in Aerolex Cables Private Limited now stands at 55% of its issued and paid-up equity share capital. This results in Aerolex Cables Private Limited becoming a subsidiary of Aeroflex Neu Limited.
Future Acquisition Plans
Aeroflex Neu Limited shall acquire additional shares in Aerolex Cables Private Limited in one or more subsequent tranches, in accordance with the terms of the definitive agreements to be signed by the parties.
Strategic Rationale
The acquisition supports Aeroflex Neu's growth and diversification plans by enabling it to enter and expand into the manufacturing of wire and wire-related products business. It will broaden Aeroflex Neu's product range and strengthen its position in the AI Infra and Data Centre sector to establish an integrated platform for high-tech and critical engineering solutions.