- India seeks to become a global aerospace manufacturing hub, supported by Air India's dramatic fleet renewal program.
- Aequs Ltd is focused on Indian aerospace growth, which is being triggered by the operational needs of Indian Airlines and Air India.
Aequs Ltd invests ₹15.75 Crore in Ajna Aerospace & Defence Private Limited
1 report, 1 independent
Updated Oct 9
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What happened
Aequs Limited made a further investment of ₹15,75,00,000 in Ajna Aerospace & Defence Private Limited through a rights issue offer. AADPL allotted 45,00,000 partly paid-up equity shares to Aequs Limited at an issue price of ₹100 per share. Aequs Limited initially paid ₹35 per share, with the remaining balance due in subsequent calls within 12 months.
From equitybulls.com
Why it matters
The investment supports Ajna Aerospace & Defence Private Limited's expanding operational requirements and strategic capital expenditures. AADPL operates in the high-tech defense and aerospace sector.
Aequs Limited is involved in Indian aerospace growth, which is supported by India's goal to become a global aerospace manufacturing hub.
From equitybulls.com