Aeroflex Enterprises Limited completed the sale of its 68% stake in M.R. Organisation Limited to Ingersoll-Rand Industrial US, Inc. for ₹222.87 Crore. Consequently, MRO has ceased to be a subsidiary. The transaction marks a significant milestone, providing the company with substantial proceeds to maximize long-term shareholder value.
Aeroflex Enterprises Limited has agreed to sell its subsidiary, M.R. Organisation Limited, to Ingersoll‑Rand Industrial US, Inc. for ₹227.42 Crore in cash. The transaction follows shareholder approval and is expected to conclude by August 30, 2026. This disposal represents a significant divestment of a unit contributing 13.53% to the company's previous year's turnover.
Aeroflex Enterprises Limited approved the sale of its 68% stake in subsidiary MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc. for ₹227.42 Crore. The transaction marks the company's exit from the compressor parts business and is expected to close within 120 days.
