Aeroflex Neu surges on acquiring 55% stake in Aerolex Cables
Aeroflex Neu is currently trading at Rs. 90.21, up by 1.53 points or 1.73% from its previous closing of Rs. 88.68 on the BSE.
The scrip opened at Rs. 89.89 and has touched a high and low of Rs. 90.67 and Rs. 89.14 respectively. So far 10963 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.00 on 30-Jun-2026 and a 52 week low of Rs. 58.55 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 90.90 and Rs. 83.46 respectively. The current market cap of the company is Rs. 232.71 crore.
The promoters holding in the company stood at 60.46%, while Institutions and Non-Institutions held 4.04% and 35.50% respectively.
Aeroflex Neu has completed the acquisition of 55% of equity stake in Aerolex Cables (Aerolex) for a purchase consideration of Rs 31 crore. Consequent to the completion of the aforesaid acquisition, Aerolex Cables has become a subsidiary of the company. The company shall acquire additional shares in Aerolex in one or more subsequent tranches, in accordance with the terms of the definitive agreements signed by the parties.
The acquisition supports the company’s growth and diversification plans by enabling it to enter and expand into the manufacturing of wire and wire-related products business. It will broaden the company’s product range and strengthen its position in the AI Infra and Data Centre sector to establish an integrated platform for high-tech and critical engineering solutions.
