Aequs has made a further investment in AeroStructures Manufacturing India (ASMIPL), a wholly owned subsidiary of the company, through a rights issue. The investment involves subscribing to 7,989,750 shares at a price of Rs 288.76 per equity share, representing a total investment of Rs 230.71 crore.
This investment is a part of utilization of the IPO proceeds. These funds will be utilised to repay the Bank Loan and to meet CAPEX requirements. There will be no change in the percentage of shareholding of the company in ASMIPL. It will continue to remain a wholly owned subsidiary of the company.
Aequs provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors.
| Company Name | CMP |
|---|---|
| BHEL | 325.60 |
| Thermax | 4182.30 |
| Kirloskar Oil Eng | 1641.75 |
| Skipper | 436.85 |
| GMM Pfaudler | 911.35 |
| View more.. | |
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