Divestment29 Apr 2026, 07:11 pm
Aeroflex to Divest 68% Stake in MRO for ₹22,742 Lakhs
AI Summary
Aeroflex Enterprises Limited's Board has approved the sale of its 68% equity stake in subsidiary M.R. Organisation Limited (MRO) to INGERSOLL-RAND INDUSTRIAL U.S., INC. for a cash consideration of ₹22,742 lakhs. This strategic move marks Aeroflex's exit from the compressor parts and services business, with MRO ceasing to be a subsidiary upon transaction completion. The deal, which is not a related party transaction, is subject to customary closing conditions and is expected to conclude within 120 days. In FY2024-2025, MRO contributed 13.53% to Aeroflex's consolidated turnover and 7.34% to its net worth. Shareholder approval was obtained on January 27, 2026.
Key Highlights
- Aeroflex to sell 68% equity stake in subsidiary M.R. Organisation Limited.
- Sale consideration is ₹22,742 lakhs in cash.
- Buyer is Ingersoll-Rand Industrial U.S., Inc., not a related party.
- MRO contributed 13.53% of turnover and 7.34% of net worth in FY25.
- Transaction expected to complete within 120 days of agreement signing.