Aeroflex Neu Acquires 55% Stake in Aerolex Cables for ₹310 Crore, Diversifies into Wire & Cable Manufacturing
Aeroflex Neu Limited acquired a 55% stake in Aerolex Cables Private Limited for ₹310 crore, marking its entry into wire and cable manufacturing. The company also announced its quarterly and half-yearly financial results for the period ended September 30, 2026. The acquisition is expected to be completed within 60 days.
The acquisition represents a significant strategic move for Aeroflex Neu, diversifying its business into a new sector and potentially opening up new revenue streams and market opportunities.
The acquisition of a majority stake in Aerolex Cables signals a strategic diversification and expansion for Aeroflex Neu, which is expected to drive future growth and strengthen its market position.
Aeroflex Neu Limited (AERONEU) announced a significant diversification into the wire and cable manufacturing and exporting business through the acquisition of a 55% stake in Aerolex Cables Private Limited for a purchase consideration of ₹310 crore.
The Board of Directors, in a meeting held on October 30, 2026, approved the acquisition of 1,10,000 equity shares, constituting 55% of Aerolex Cables' paid-up share capital. The company also approved the draft Share Purchase Agreement and other related transaction documents. Upon completion of this first tranche, Aerolex Cables will become a subsidiary of Aeroflex Neu.
The acquisition aligns with Aeroflex Neu's growth and diversification strategy, aiming to expand its product range and strengthen its position in the AI Infra and Data Centre sector. The company plans to acquire additional shares in Aerolex Cables in subsequent tranches. Aerolex Cables Private Limited reported a turnover of ₹55.16 crore in FY 2025-26 and operates in the wire and cable industry. The first tranche acquisition is expected to be completed within 60 days, subject to customary closing conditions.
In addition to the acquisition, the Board also considered and approved the un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, along with the Statutory Auditors' Limited Review Reports.
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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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