Sigma Advanced Systems to acquire 51% stake in AS Strategic for Rs 20 cr
SIGMAADV · price
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Sigma Advanced Systems has signed a Share Purchase Agreement to acquire 51% equity stake in Delhi-based AS Strategic Private Limited, an aerospace and defence company. Deal value is Rs 20 crores in cash, with completion expected in 4 to 6 weeks. AS Strategic reported turnover of Rs 608 lacs for FY25, up from Rs 141 lacs in FY24 and Rs 2 lacs in FY23. The deal is not a related party transaction. Sigma says the acquisition is a key step in building a globally embedded aerospace and defence platform, giving it access to joint ventures with major European defence OEMs.
Strategic entry into aerospace and defence with access to European OEM partnerships. Deal adds growth-stage business; positive long-term but execution risk remains.