Authum Investment Acquires 14.59% Stake in Star Aerospace for Approx. 112 Crores
Authum Investment & Infrastructure Ltd. has acquired 8,34,082 equity shares of Star Aerospace Limited, representing 6.63% of the expanded equity share capital of Star. This acquisition, along with the prior holding of 1,00,1000 equity shares, brings the total holding to 14.59% of the expanded equity share capital of Star on a fully diluted basis. The cost of acquisition is approximately 112 Crores. Star Aerospace Limited, a subsidiary of an Indian multinational group, specializes in design, development, and manufacturing of high-precision mechanical and electro-optical systems for aerospace and defense applications. The company was established in 2015 and has a net worth of INR 86.91 crores and a turnover of INR 84.18 crores as of 31st March, 2025.
Key Highlights
- Authum Investment has acquired 14.59% stake in Star Aerospace Limited.
- The cost of acquisition is 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 84.18 crores as of 31st March, 2025.
- The acquisition aligns with Authum Investment's long-term strategy of diversifying its portfolio while investing in sectors that demonstrate both stability and growth potential.