Aequs makes further investment in Aequs Toys
This investment is a part of utilization of the IPO proceeds
Aequs has made a further investment in Aequs Toys (ATPL), a wholly owned subsidiary of the Company, through a rights issue. The investment involves subscribing to 1,40,00,000 shares at a price of Rs 10 per equity share, representing a total investment of Rs 14 crore.
This investment is a part of utilization of the IPO proceeds. These funds will be utilised to meet ATPL’s working capital and other business/operational requirements. There will be no change in the percentage of shareholding of the company in ATPL. It will continue to remain a wholly owned subsidiary of the company.
Aequs provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors.
