Investment7 Oct 2026, 05:50 pm
Indo National Invests ₹3.9 Cr in Axial Aero Pvt Ltd
AI Summary
Indo National Ltd has invested an aggregate amount of ₹3,90,94,666 (₹3.91 Crore) in Axial Aero Private Limited (AAPL) through subscription to Class C Compulsorily Convertible Preference Shares. This investment increases Indo National's aggregate holdings in AAPL to 7.97%. AAPL is engaged in developing motion-based flight simulators for civil and military aviation. The investment aims to facilitate business growth, generate revenue, and earn profits through business expansion. The acquisition is not a related party transaction and does not require governmental or regulatory approvals. The acquisition price per CCPS is ₹1,109.10.
Key Highlights
- Indo National invested ₹3.91 Crore in Axial Aero Private Limited.
- Investment is via Class C CCPS, increasing total holding to 7.97%.
- Axial Aero develops flight simulators for civil and military aviation.
- Investment aims for business growth, revenue generation, and profit.
- Acquisition is not a related party transaction.
Price Impact
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