Divestment30 Apr 2026, 06:21 pm
Aeroflex Sells 68% Stake in MRO for ₹222.87 Cr; MRO Ceases Subsidiary
AI Summary
Aeroflex Enterprises Ltd has completed the sale of its entire 68% equity stake in M.R. Organisation Limited (MRO) to Ingersoll-Rand Industrial US, Inc. The company received ₹222.87 Crores as consideration on April 30, 2026, with the balance subject to customary post-closing conditions. Consequently, MRO has ceased to be a subsidiary of Aeroflex. This transaction marks a significant milestone, and Aeroflex plans to evaluate opportunities to deploy the proceeds to maximize long-term shareholder value.
Key Highlights
- Aeroflex sold its entire 68% equity stake in M.R. Organisation Limited.
- The stake was transferred to Ingersoll-Rand Industrial US, Inc.
- Aeroflex received ₹222.87 Crores as initial consideration.
- M.R. Organisation Limited is no longer a subsidiary of Aeroflex.
- Proceeds from the sale will be deployed to maximize shareholder value.