Investment20 Jan 2026, 05:24 pm
Taneja Aerospace to Exit Investment in Altair Infrasec for Rs. 25 Crores
AI Summary
Taneja Aerospace and Aviation Limited has decided to exit its investment representing 11.10% equity stake in Altair Infrasec Private Limited, a non-listed entity. The exit is being undertaken in accordance with the contractual rights available to the Company for a total consideration of Rs. 25,99,99,428. The proposed exit is subject to receipt of the entire consideration and completion of requisite legal and procedural formalities.
Key Highlights
- Taneja Aerospace to exit its 11.10% equity stake in Altair Infrasec Private Limited
- Exit is being undertaken in accordance with contractual rights
- Total consideration for the exit is Rs. 25,99,99,428
- Exit is subject to receipt of entire consideration
- Completion of requisite legal and procedural formalities is required