Aequs Invests ₹15.75 Crore in JV Ajna Aerospace

Aequs Limited has announced a further investment of INR 15,75,00,000 (₹15.75 Crore) in its joint venture, Ajna Aerospace & Defence Private Limited (AADPL), through a rights issue. AADPL allotted 45,00,000 partly paid-up equity shares to Aequs at an issue price of ₹100 per share. Aequs has paid ₹35 per share, totaling ₹15.75 Crore, with the remaining ₹65 per share to be paid within 12 months. This investment is for AADPL's capital expenditure, operational expenditure, and general corporate requirements. AADPL operates in the manufacturing of Unmanned Aerial Vehicles (UAVs) and related autonomous aerial platforms for defense, security, and civilian applications. Aequs confirms there will be no change in its shareholding percentage in AADPL, which remains a joint venture.