Aeroflex Neu Limited Raises ₹64.8 Crore Through Convertible Warrant Allotment
Aeroflex Neu Limited, a subsidiary of Aeroflex Enterprises, has allotted 72,00,000 convertible warrants at ₹90 per warrant to promoters and non-promoters, raising ₹64.80 crore. Each warrant is convertible into one equity share with a face value of ₹10. Aeroflex Enterprises subscribed to half of the issued warrants, acquiring 36,00,000 warrants. The funds will be used for business expansion and future growth initiatives. The allotment complies with the Companies Act, 2013 and SEBI regulations.
24Jul 25
Aeroflex Enterprises Boosts Stake in M.R. Organisation to 64% with ₹16.71 Crore Investment
Aeroflex Enterprises Limited has acquired an additional 13% equity stake in M.R. Organisation Limited (MRO) for ₹16.71 crores, increasing its total stake to 64%. MRO, specializing in air compressor parts and kits, has shown strong revenue growth from ₹59.88 crores in FY23 to ₹79.20 crores in FY25. MRO operates in all 29 Indian states, exports to 75 countries, and has international offices. The company has recently acquired Madhura Compressors Private Limited and ABP Impex LDA to enhance its capabilities. Aeroflex aims to leverage this acquisition for sustained growth and enhanced shareholder value in the tech-based utility services sector.
12May 25
SAT Industries' Subsidiary Acquires Majority Stake in Madhura Compressors
M.R. Organisation, a unit of SAT Industries, has acquired a 51% equity stake in Madhura Compressors Pvt. Ltd. This strategic move aims to expand SAT Industries' compressor ecosystem and strengthen its market position. The acquisition could lead to vertical integration and a more comprehensive product offering in the industrial equipment sector.