Aequs Plans Rs. 720 Crore IPO for Expansion and Debt Reduction
Aerospace and Defence Sector News India
Aerospace components maker Aequs plans to raise Rs. 720 crore through an initial public offering, according to its draft red herring prospectus. Based in Belagavi, Karnataka, the company will use proceeds for debt repayment, capital expenditure, and strategic acquisitions. The IPO will include a fresh issue and an offer for sale. Aequs operates precision manufacturing facilities in India, North America, and France, producing aero-structure and engine components for clients such as Airbus, Boeing, Safran, and Collins Aerospace.
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