AEAeroflex Enterprises511076Acquisition deal news

Material subsidiary Aeroflex Neu approved to buy 55% of Aerolex Cables for ₹ 3100 lakhs

Aeroflex Neu Ltd, the material subsidiary of Aeroflex Enterprises, has approved acquiring 1.1 lakh equity shares, or 55%, of Aerolex Cables Pvt Ltd for ₹ 3100 lakhs to enter wire and cable manufacturing.

By ScoutQuest · Fri 30 Oct 2026, 8:11 PM IST · 2 min read

Stake Acquired

55% of issued and paid-up share capital of Aerolex Cables Pvt Ltd

Consideration

₹ 3100 lakhs

Shares Acquired

1.1 lakh Equity Shares

What was approved

• The Board of Aeroflex Neu Limited, the material subsidiary of Aeroflex Enterprises, considered and approved entering the wire and cable manufacturing and exporting business.
• The route is the acquisition of 1.1 lakh Equity Shares of Aerolex Cables Private Limited, representing 55% of its issued and paid-up share capital, for ₹ 3100 lakhs.
• The Board also approved the draft Share Purchase and Shareholders Agreements and ancillary transaction documents.

What changes once the deal is completed

• Aerolex will become a subsidiary of Aeroflex Neu Limited.
• Aeroflex Neu shall acquire additional Aerolex shares in subsequent tranche(s), subject to definitive agreements to be signed by the parties.

Why the company says it is doing this

• The acquisition supports Aeroflex Neu's growth and diversification plans by enabling it to enter and expand into the manufacturing of wire and wire-related products business.
• It is expected to broaden the product range and strengthen its position in the AI Infra and Data Centre sector, to establish an integrated platform for high-tech and critical engineering solutions.

In simple terms

Aeroflex Enterprises is not buying Aerolex directly. Its material subsidiary, Aeroflex Neu, is the buyer. For ₹ 3100 lakhs, Aeroflex Neu gets a little over half of Aerolex, which is enough for Aerolex to be treated as its subsidiary once the transaction is completed. The business Aeroflex Neu is entering is making and exporting wires and cables, which the company links to its plans in the AI Infra and Data Centre space.

Things to note

• The Board approved entering into the acquisition along with the draft agreements; the transaction completes on completion of the process, after which Aerolex becomes a subsidiary.
• The update says further Aerolex shares will be acquired in subsequent tranche(s), subject to definitive agreements to be signed by the parties.
• The company states that Aeroflex Neu has given the requisite disclosure for the acquisition to the stock exchanges.

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