Aequs makes further investment in Aequs Consumer Products
These funds will be utilised to meet ACPPL’s working capital and other business/operational requirements
Aequs has made a further investment in Aequs Consumer Products (ACPPL), a wholly owned subsidiary of the Company, through a rights issue. This investment is a part of utilization of the IPO proceeds. The investment involves subscribing to 24,17,800 shares at a price of Rs 144.76 per equity share, representing a total investment of Rs 35 crore.
These funds will be utilised to meet ACPPL’s working capital and other business/operational requirements. There will be no change in the percentage of shareholding of the company in ACPPL. 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.
