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Aequs Secures ₹650 Crore to Fuel Aerospace Expansion, Targets $450 Million Capex
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CNBC TV18•28-09-2026, 13:05
Aequs Secures ₹650 Crore to Fuel Aerospace Expansion, Targets $450 Million Capex
- •Aequs raised ₹650 crore through a preferential warrant issue to fund equity contributions for an upcoming ₹800 crore debt raise, accelerating its 2031 growth strategy.
- •The company plans a total capital expenditure of $450 million to expand operations four to six times above 2026 levels.
- •Executive Chairman Aravind Melligeri stated the rapid fundraise provides clear visibility for investments over the next 18 months, overcoming IPO proceeds deployment limitations.
- •Aequs expects to raise approximately ₹800 crore in debt by year-end, with deployment through mid-next year, leveraging the newly raised equity.
- •Order momentum is increasing, particularly in the Hosur aero engine and landing gear ecosystem, with strategic discussions underway with major manufacturers; defence activities are also expanding.
Key Questions Answered
Aequs is securing a ₹650 crore preferential warrant issue to fund equity contributions for an upcoming ₹800 crore debt raise this year.
The company's 2031 growth strategy envisions a total capital expenditure of $450 million to scale operations four to six times above 2026 levels.
The board approved a preferential issue of warrants to Mellwood Trustee Services Private Limited, which is the trustee of the Melligeri Private Family Foundation and part of the promoter group.
