Aeroflex Neu Acquires 55% Stake in Aerolex Cables for ₹310 Crore, Diversifies into Wire & Cable Business
Aeroflex Neu Limited will acquire a 55% stake in Aerolex Cables Private Limited for ₹310 crore. This move diversifies AERONEU into the wire and cable manufacturing business, aiming to strengthen its position in the AI Infra and Data Centre sector. The acquisition is expected to be completed within 60 days.
The acquisition of a controlling stake in another company and entry into a new manufacturing and export business line is a material event that is expected to significantly alter the company's business model and future revenue streams, thereby having a high impact.
The acquisition of a 55% stake in Aerolex Cables Private Limited for ₹310 crore represents a significant strategic expansion for Aeroflex Neu into the wire and cable manufacturing business, aligning with its growth and diversification plans and strengthening its position in key sectors.
Aeroflex Neu Limited (AERONEU) announced a significant strategic move at its Board Meeting held on October 30, 2026. The company has approved the acquisition of 1,10,000 equity shares, representing a 55% stake, in Aerolex Cables Private Limited for a purchase consideration of ₹310 crore (₹3,100 lakhs).
This acquisition marks Aeroflex Neu's entry into the business of manufacturing and exporting wire and cables. The deal is expected to be completed within 60 days, subject to customary closing conditions and the execution of definitive agreements. Upon completion, Aerolex Cables will become a subsidiary of Aeroflex Neu. The company also plans to acquire additional shares in Aerolex in subsequent tranches.
The strategic rationale behind this acquisition is to support the company's growth and diversification plans. It will enable Aeroflex Neu to expand its presence in the manufacturing of wire and wire-related products, broadening its product range and strengthening its position in the AI Infra and Data Centre sector. This move aims to establish an integrated platform for high-tech and critical engineering solutions.
The Board also considered and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Aerolex Cables Private Limited, incorporated on September 06, 2005, reported a turnover of ₹55.16 crore for FY 2025-26 and ₹44.60 crore for FY 2024-25. The acquisition is not a related party transaction.
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Aeroflex Neu Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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