Indo National approves ₹78.05 crore defence tech deal

Indo National approved acquisition of 51% paid-up share capital in Aidin Technologies through compulsorily convertible preference shares across two tranches for cash consideration of ₹78.05 crore. The company will acquire 31.82% stake by June 2026 under Tranche 1. Aidin Technologies reported FY25 turnover of ₹74.31 crore against ₹25.50 crore in FY24.