💡 Company increased stake in subsidiary M.R. Organisation Limited from 64% to 68% via third tranche acquisition.
What Happened
Aeroflex Enterprises Limited has successfully completed the third tranche of its acquisition in M.R. Organisation Limited (MRO). The company acquired an additional 1,03,350 equity shares at ₹539.50 per share, totaling ₹5.57 crores, representing 4% of MRO's issued share capital. This transaction was executed as per the Share Purchase Agreement dated July 27, 2024, and the Deed of Amendment dated April 21, 2026.
Key Details
- Company: Aeroflex Enterprises Limited
- Event Type: M&A
- Filing Date: 21-Apr-2026 19:18:57
- NSE Filing: View Document
Why It Matters
This acquisition increases Aeroflex Enterprises' stake in its subsidiary M.R. Organisation Limited from 64% to 68%. MRO operates in tech-based last-mile utility services, specifically air compressor parts and kits, with a consolidated turnover of ₹78.25 crores in March 2025. The company has a significant presence across India with 59 locations and exports to 75 countries. Increasing ownership in a growing subsidiary typically strengthens the parent company's control and potential future earnings from the subsidiary's operations.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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