Indo National Acquires 31.82% Stake in Aidin Technologies for ₹35 Crore, Enters Defense & Aerospace Electronics
Indo National Limited (NSE: NIPPOBATRY) has announced a strategic investment in Aidin Technologies Private Limited, marking its entry into the rapidly expanding defense, aerospace, and space electronics sector. The company has subscribed to Series A and Series A1 Compulsorily Convertible Preference Shares (CCPS) of Aidin Technologies, acquiring a 31.82% equity stake for a total investment of approximately ₹34.99 crore.
The investment has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Transaction Details
- Target Company: Aidin Technologies Private Limited
- Equity Stake Acquired: 31.82%
- Investment Value: ₹34.99 crore (approximately ₹35 crore)
- Securities Subscribed:
- 9,920 fully paid-up Series A CCPS
- 12,202 partly paid-up Series A1 CCPS
- FY25 Turnover of Aidin Technologies: ₹71.51 crore
- Business Segment: Defense, aerospace, space, and advanced electronics
Expanding into High-Growth Defense Electronics
Founded in May 2008, Aidin Technologies specializes in radio frequency (RF) power electronics and develops advanced solutions for India’s defense and aerospace ecosystem.
Its product portfolio includes:
- Electronic warfare systems
- Satellite communication and space hardware
- Anti-drone technologies
- Radar power supply units
- RF jammers
- High-power amplifiers
The company primarily serves business-to-business (B2B) customers as well as government defense agencies (B2G).
Strategic Diversification for Indo National
Known for its Nippo battery brand and consumer lighting products, Indo National’s investment represents a significant strategic diversification into a technology-driven, high-growth sector.
The acquisition provides the company with exposure to India’s expanding defense manufacturing ecosystem, supported by increasing government spending, import substitution initiatives, and the ‘Make in India’ and ‘Atmanirbhar Bharat’ programs.
By adding a presence in defense electronics, Indo National aims to build a new long-term growth engine alongside its established consumer products business, creating a more diversified revenue base and strengthening its future growth prospects.
Transaction Structure
The company stated that:
- The investment is an arm’s-length transaction.
- No promoter or promoter group entities have any interest in the transaction.
- No statutory or regulatory approvals are required for completing the investment.