Aeroflex Enterprises gains on acquiring additional 13% stake in MRO
Aeroflex Enterprises is currently trading at Rs. 105.00, up by 0.80 points or 0.77% from its previous closing of Rs. 104.20 on the BSE.
The scrip opened at Rs. 104.20 and has touched a high and low of Rs. 105.80 and Rs. 103.55 respectively. So far 11313 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 151.70 on 14-Oct-2024 and a 52 week low of Rs. 70.10 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 112.95 and Rs. 103.30 respectively. The current market cap of the company is Rs. 1187.39 crore.
The promoters holding in the company stood at 51.59%, while Institutions and Non-Institutions held 0.54% and 47.87% respectively.
Aeroflex Enterprises has acquired an additional 13% equity stake in M.R. Organisation (MRO), pursuant to the Share Purchase Agreement dated July 27, 2024. This marks the second tranche of the acquisition as per the terms committed in the original agreement, thereby reinforcing Aeroflex’s strategic intent and long-term partnership with MRO.
The company’s growth trajectory is further supported by its recent acquisitions-Madhura Compressors, Mumbai and ABP Impex LDA, Portugal- which strengthen MRO’s capabilities in the domains of centrifugal and high-pressure compressors. Aeroflex Group remains committed to leveraging its expertise in business incubation and value creation, with the aim of delivering sustained growth and enhanced shareholder value.
Aeroflex Enterprises (Formerly known as SAT Industries) has presence in a wide range of activities such as manufacturing, global outsourcing of products & services, real estate, mining and marketing activities in the field of coals.
