Aeroflex Neu LimitedAERONEUNSE
Aeroflex Neu to acquire majority control of Stilonn for ₹16.00 crore
As filed · Considered and approved further acquisition of 7,27,040 equity shares of Stilonn Valves and Controls Private Limited.
M&AImprovingNotablemateriality 64 out of 100
What happened
FactAeroflex Neu’s board approved the acquisition of 7,27,040 equity shares of Stilonn Valves and Controls Private Limited for cash consideration of ₹16,00,21,504. Following completion, Aeroflex Neu’s holding in Stilonn is expected to rise from 19.58% to 51.01%, making Stilonn its subsidiary.