Investment8 Aug 2025, 04:42 pm
Authum Investment Acquires 14.59% Stake in Star Aerospace for Approx. 112 Crores
AI Summary
Authum Investment & Infrastructure Ltd has acquired 14.59% stake in Star Aerospace Limited, a subsidiary of an Indian multinational group headquartered in Dehradun, Uttarakhand. The acquisition was made for approximately 112 crores. Star Aerospace specializes in design, development, and manufacturing of high-precision mechanical and electro-optical systems for aerospace and defense applications. The company has a net worth of INR 86.91 crores and a turnover of INR 84.19 crores as of 31st March 2025. This acquisition aligns with Authum's long-term strategy of diversifying its portfolio and investing in sectors that demonstrate both stability and growth potential.
Key Highlights
- Authum Investment & Infrastructure Ltd has acquired 14.59% stake in Star Aerospace Limited for approximately 112 crores.
- Star Aerospace specializes in design, development, and manufacturing of high-precision mechanical and electro-optical systems for aerospace and defense applications.
- Star Aerospace has a net worth of INR 86.91 crores and a turnover of INR 84.19 crores as of 31st March 2025.
- This acquisition aligns with Authum's long-term strategy of diversifying its portfolio and investing in sectors that demonstrate both stability and growth potential.