Acquisition of remaining 49% stake in Madhura Compressors Private Limited by M.R. Organisation Limited, a subsidiary of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aeroflex Enterprises Limited announced that its subsidiary, M.R. Organisation Limited, has acquired the remaining 49% equity stake in Madhura Compressors Private Limited. With this acquisition, Madhura Compressors becomes a wholly owned subsidiary of M.R. Organisation Limited. The company previously held 51% in Madhura Compressors and has now completed full acquisition of the remaining stake. The filing was made under Regulation 30 of the SEBI Listing Regulations. Financial details and valuation of the transaction have not been disclosed in this intimation.
This acquisition increases Aeroflex's consolidated control over its subsidiary by removing minority shareholder interests. For shareholders, full ownership simplifies governance and allows 100% consolidation of Madhura Compressors' profits into the group. The undisclosed consideration suggests this is a privately negotiated deal rather than a public transaction.