Aeroflex to sell 68% stake in MRO to Ingersoll-Rand for Rs 22,742 lakh

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AI summary

Aeroflex Enterprises' board approved selling its 68% stake in subsidiary M.R. Organisation Limited (MRO), in the compressor parts and services business, to Ingersoll-Rand Industrial U.S. Inc. for Rs 22,742 lakhs cash. MRO contributed 13.53% of consolidated turnover and 7.34% of networth in FY25. Post-deal, MRO will cease to be a subsidiary. Shareholder approval was already obtained on Jan 27, 2026. Expected completion within 120 days. Not a related party transaction.

Likely market impact

Brings in ~Rs 227 crore cash; company exits compressor parts business, likely refocusing portfolio around remaining operations.