Investment17 Feb 2026, 02:33 pm
Aequs Ltd Invests INR 2.3 Billion in Wholly Owned Subsidiary AeroStructures Manufacturing India
AI Summary
Aequs Ltd has made a further investment in its wholly owned subsidiary, AeroStructures Manufacturing India Private Limited (ASMIPL), through a rights issue. The investment, amounting to INR 2.3 Billion, is a part of the utilization of the IPO proceeds and will be used to repay the Bank Loan and to meet the CAPEX requirements of ASMIPL. ASMIPL is engaged in the business of manufacturing of aerostructure parts. The transaction does not fall within the ambit of related party transactions as per the provisions of Regulation 23(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015.
Key Highlights
- Aequs Ltd invests INR 2.3 Billion in its wholly owned subsidiary, AeroStructures Manufacturing India Private Limited (ASMIPL)
- The investment is a part of the utilization of the IPO proceeds
- The funds will be used to repay the Bank Loan and to meet the CAPEX requirements of ASMIPL
- ASMIPL is engaged in the business of manufacturing of aerostructure parts
- The transaction does not fall within the ambit of related party transactions