Indo National to acquire 51% stake in Aidin Technologies
Indo National Ltd's Board has approved the acquisition of a 51% stake in Aidin Technologies Private Limited. The acquisition will be executed through the subscription of compulsorily convertible preference shares in two tranches. Aidin Technologies, incorporated in 2008, specializes in radio frequency power electronics, serving critical sectors like electronic warfare, defence communications, and satellite technology. This strategic move aims to establish Indo National in the high-growth Defence & Aerospace sector (B2B & B2G), diversifying its consumer-oriented business and leveraging the significant market opportunity in Defence Electronics, which is estimated at ₹25,000 Cr and growing at 12-14% CAGR. The acquisition is expected to boost revenue and profitability, creating a balanced business portfolio.
Key Highlights
- Indo National to acquire 51% of Aidin Technologies Private Limited.
- Aidin Technologies specializes in defence and aerospace electronics.
- Acquisition diversifies INL into B2B/B2G defence sector.
- Transaction to be completed in two tranches by mid-2027.
- Target entity's turnover grew significantly to ₹74.31 Cr in FY25.