M&A

M&A

Indo National acquires 51% stake in defence-focused electronics co. Aidin Technologies for Rs.78-Cr

Yourstory   Aidin Technologies Pvt Ltd  

Chennai-based publicly listed Indo National Ltd has acquired a 51% controlling stake in Bengaluru-based Aidin Technologies Pvt Ltd for INR 78 crore. The stake acquisition will be financed through compulsorily convertible preference shares (CCPS) in two tranches.Founded in 2008, Aidin is an aerospace and defence electronics company specialising in radio frequency and microwave systems for electronic warfare and airborne applications.This investment marks Indo National's re-entry into the aerospace and defence sector and allows Indo National to diversify its portfolio across B2C, B2B, and B2G (business-to-government) segments.Indo National Ltd (commonly known as Nippo) is primarily engaged in manufacturing and marketing dry cell batteries. The company previously held and exited a 51% stake in composites manufacturer Kineco Ltd for INR 220 crore in 2024.