Aeroflex Neu to acquire 51% stake in Stilonn Valves for Rs 16 crore
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Aeroflex Enterprises' material subsidiary Aeroflex Neu Limited will acquire 7,27,040 equity shares of Stilonn Valves and Controls for about Rs 16 crore. Post-acquisition, Aeroflex Neu will hold 51.01% in Stilonn, making it a subsidiary. Stilonn makes precision engineering products for AI Infra, Data Centre, pharma and healthcare sectors. Deal will be done in tranches via share purchase and subscription.
Strategic expansion into AI Infra and Data Centre segment through 51% subsidiary-level acquisition in precision engineering space.