COMPANY NEWS


Aeroflex Industries Ltd
BSE Code 543972 ISIN Demat INE024001021 Book Value (₹) 26.44 NSE Symbol AEROFLEX Div & Yield % 0.15 Market Cap ( Cr.) 2,643.31 P/E * 50.97 EPS * 4.01 Face Value (₹) 2
* Profit to Earning Ratio
* Earning Per Share
Board of Aeroflex Industries approves acquisition of Hyd-Air Engineering Back
(02 Apr 2024)
The Board of Directors of Aeroflex Industries at its meeting held today i.e. 02 April 2024 has approved to acquire 100% of the issued and paid up share capital of Hyd-Air Engineering. The cost of acquisition is Rs 17.20 crore with plans to invest Rs 18 crore to increase production capacity over next 2-3 years. The investee company is engaged in manufacturing of hydraulic fittings, fluid connectors and flanges.