Aeroflex Neu has received approval for the investment in Stilonn Valves and Controls by way of subscribing 2,43,400 equity shares at a price of Rs 123.30 per share, aggregating to Rs 3 crore, in one or more tranches, which is involved in the business of manufacturing and supplying high-precision stainless steel valves and fittings.
The acquisition is aligned with the company’s strategy of combining stable, cash-generating businesses with investments in high-growth opportunities. It is expected to enhance the company’s overall business portfolio and support long-term growth. The said acquisition is to be completed by June 15, 2026. The Board of Directors of the Company at its meeting held on May 18, 2026, has approved the same.
Aeroflex Neu (formerly Sah Polymers) is a leading PP Woven Bags Manufacturer in India (Udaipur, Rajasthan).
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