Exit of Investment in Altair Infrasec Private Limited
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Taneja Aerospace & Aviation Limited (TAAL) has decided to exit its 11.10% equity stake in Altair Infrasec Private Limited, a non-listed entity. The stake comprises 23,068 equity shares being sold for a total consideration of approximately ₹25.99 crores (₹25,99,99,428). The exit is being exercised as per the contractual rights available to TAAL and is subject to receipt of full payment and completion of legal and procedural formalities. The company has disclosed the decision under SEBI LODR Regulations, 2015. No timeline for completion has been specified in the filing.
The transaction will bring in roughly ₹26 crores of cash inflow for TAAL, strengthening its liquidity. Since Altair Infrasec is a non-listed, non-core entity, the exit is largely a portfolio monetisation event and is unlikely to materially shift the company's main aerospace business trajectory.