Aeroflex Enterprises Unit Approves Rs31 Crore Buy Of 55 Percent Aerolex Cables

Aeroflex Neu, material subsidiary, will acquire 55% (1,10,000 shares) of Aerolex Cables for Rs31 crore to enter wire and cable manufacturing and exports, with further tranches planned to strengthen its AI Infra/Data Centre integrated platform. Context: second incubator bolt-on via this subsidiary this month.