Aequs Ltd Subsidiary Invests €3M in French Arm
Aequs Ltd announced that its wholly-owned subsidiary, AeroStructures Manufacturing India Private Limited, has been allotted shares by Aequs Aerospace France SAS, a wholly-owned step-down subsidiary, for an investment of Euro Three Million (approximately INR 33.02 Crores). Aequs Aerospace France SAS is engaged in industrial engineering and manufacturing mechanical parts for the civil and military aeronautics market. The investment is for operational requirements and general corporate purposes. This transaction does not alter the Company's overall shareholding percentage in Aequs Aerospace France SAS, which remains a wholly-owned step-down subsidiary. However, AeroStructures Manufacturing India Private Limited will now hold 28.97% of the shares in Aequs Aerospace France SAS.
Key Highlights
- AeroStructures Manufacturing India Private Limited invests €3M in Aequs Aerospace France SAS.
- Investment is for operational needs and general corporate purposes.
- Aequs Aerospace France SAS manufactures parts for the aeronautics market.
- No change in Aequs Ltd's overall control of the French subsidiary.
- Indian subsidiary will hold 28.97% stake in the French entity.
Price Impact
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