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via economictimes.indiatimes.comBusiness & Companies

Mahindra sells 51% stake in Novavaayu Aerospace to Brazil's Embraer for Rs 5,100 crore

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Mahindra & Mahindra Ltd has entered into an agreement with Embraer SA for selling a 51% stake in Novavaayu Aerospace Ltd. The total consideration for this stake acquisition amounts to approximately Rs 5,100 crore. Following this acquisition, Novavaayu Aerospace will no longer be…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralStake sale in aerospace subsidiary; relevant transaction but ordinary in news flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Mahindra & Mahindra sells 51% stake in Novavaayu Aerospace to Embraer SA for approximately Rs 5,100 crore.
  2. 02Novavaayu Aerospace will no longer be wholly owned subsidiary of Mahindra following acquisition.
  3. 03Transaction expected to complete on or before December 1, 2026.

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