Indo-National Acquires 51% Stake in Defence Tech Firm Aidin Technologies
Indo-National Limited will acquire a 51% stake in Aidin Technologies Private Limited for a total cash consideration of ₹780.48 crore. The acquisition, to be completed in two tranches by June 2026 and within 12 months thereafter, aims to expand into the Defence & Aerospace sector.
The acquisition represents a significant strategic shift for Indo-National into a new high-growth sector with substantial market potential, involving a considerable investment.
The acquisition of a company in a high-growth sector like Defence & Aerospace is a strategic positive move for Indo-National Limited, expected to drive future revenue and profitability.
Indo-National Limited announced its Board of Directors has approved the acquisition of 51% of Aidin Technologies Private Limited through compulsory convertible preference shares across two tranches. The acquisition aims to establish a presence in the sunrise Defence & Aerospace sector.
Aidin Technologies, incorporated on May 2, 2008, specializes in radio frequency power electronics and embedded system technologies, serving critical sectors like electronic warfare, defence communications, and satellite technology. Its offerings include anti-drone solutions, electronic warfare test systems, and power supply units.
The company's turnover for FY23 was ₹157.99 crore, ₹254.96 crore for FY24, and ₹743.12 crore for FY25. The acquisition is expected to provide a strong growth engine for Indo-National in the Defence Electronics market, which is approximately ₹25,000 crore and growing at 12-14% CAGR.
The acquisition will be completed in two tranches. Tranche 1, expected by June 2026, will result in Indo-National holding 31.82% of Aidin Technologies. Tranche 2, to be completed within 12 months of Tranche 1, will ensure Indo-National holds at least 51%.
The total cash consideration for Tranche 1 is ₹349.99 crore, and for Tranche 2, it is ₹430.49 crore. The Board meeting commenced at 10:30 AM IST and concluded at 1:00 PM IST on April 30, 2026.
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Indo-National 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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