Aeroflex Neu Completes ₹31 Cr Acquisition of Aerolex Cables

Aeroflex Neu Limited, a material subsidiary of Aeroflex Enterprises Ltd, has completed the acquisition of 1,10,000 equity shares of Aerolex Cables Private Limited for a purchase consideration of ₹3,100 lakhs (₹31 Crore). This acquisition brings Aeroflex Neu's shareholding in Aerolex to 55%, making Aerolex a subsidiary. Further acquisitions are planned in subsequent tranches. The move supports Aeroflex Neu's growth and diversification into wire and wire-related products, aiming to strengthen its position in AI Infra and Data Centre sectors by establishing an integrated platform for high-tech engineering solutions.