The Board of directors has approved the investment in M/s. Stilonn Valves and Controls Private Limited by way of subscribing 2,43,400 (Two Lakhs Forty Three Thousand Four Hundred) equity shares at a price of Rs. 123.30 Per share, aggregating to Rs. 3,00,11,220/- (Rupees Three Crore Eleven Thousand Two Hundred and Twenty only) in one or more tranches, which is involved in the business of manufacturing and supplying high-precision stainless steel valves and fittings.
AERONEU · price
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Aeroflex Neu Limited's Board has approved subscribing to 2,43,400 equity shares of Stilonn Valves and Controls Private Limited at Rs. 123.30 per share, totaling Rs. 3.00 crore. The target company manufactures high-precision stainless steel valves and fittings, with FY 2024-25 turnover of Rs. 819.40 Lakhs, growing from Rs. 486.96 Lakhs in FY 2022-23. The company will acquire a 19.58% stake in one or more tranches, with expected completion by June 15, 2026. The transaction is not a related party transaction and will be funded through cash consideration. Aeroflex states this investment aligns with its strategy to combine stable cash-generating businesses with high-growth opportunities in the AI infrastructure space.
This minority stake acquisition (19.58%) provides diversification into industrial manufacturing, though the stated link to AI infrastructure appears tenuous. The deal size is modest relative to typical listed company transactions, and shareholders should note the company is investing outside its apparent core focus area.