"Aerpace Industries Ltd Makes Strategic Investment in Aerpace Supercars Pvt Ltd"

Aerpace Supercars Private Limited has undergone a strategic transformation, with shares being allotted to Aerpace Industries Limited on January 5, 2024. This significant development has resulted in Aerpace Supercars Private Limited becoming a Subsidiary Company of Aerpace Industries Limited.

In a noteworthy investment move, Aerpace Industries Limited has infused an aggregate consideration of Rs. 8,00,00,850 (Rupees Eight Crores Eight Hundred Fifty Only) for acquiring a substantial 51% of the Equity Shares in Aerpace Supercars Private Limited.

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