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Mahindra Aerospace to Sell 51 Percent Stake in Novavayu to Brazil Embraer
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Storyboard•11-10-2026, 11:21
Mahindra Aerospace to Sell 51 Percent Stake in Novavayu to Brazil Embraer
- •Brazil-based Embraer SA is set to acquire a 51 percent equity stake in Novavayu Aerospace Ltd, a subsidiary of Mahindra Defence Systems Ltd.
- •The definitive agreement was signed on October 9, 2026, and the transaction is expected to be completed on or before December 1, 2026.
- •Mahindra Defence Systems Ltd will receive approximately Rs 5.1 lakh from the stake sale.
- •Mahindra and Mahindra recently reported strong double-digit growth in production and sales for the quarter ending September 30, 2026.
Key Questions Answered
Brazil-based Embraer SA is set to acquire a 51% equity stake in Mahindra's aerospace subsidiary, Novavayu Aerospace Ltd, under an agreement signed on October 9, 2026.
The transaction involving the sale of a 51% stake in Novavayu Aerospace Ltd to Embraer is expected to be completed on or before December 1, 2026.
M&M reported double-digit growth for the quarter ended September 30, 2026, with production increasing by 19.2% to 1.22 lakh units and sales rising by 16.3% to 1.14 lakh units.
