Embraer To Acquire Majority Stake In Mahindra Defence’s Novavayu Aerospace

Mahindra & Mahindra Ltd. has announced that Brazilian aerospace manufacturer Embraer S.A. will acquire a 51 per cent equity stake in Novavayu Aerospace Limited (NAL), a step-down wholly owned subsidiary operating under Mahindra Defence Systems Limited (MDSL).The transaction marks a significant development in the growing aerospace cooperation between the two companies.The investment is
Mahindra & Mahindra Ltd. has announced that Brazilian aerospace manufacturer Embraer S.A. will acquire a 51 per cent equity stake in Novavayu Aerospace Limited (NAL), a step-down wholly owned subsidiary operating under Mahindra Defence Systems Limited (MDSL).The transaction marks a significant development in the growing aerospace cooperation between the two companies.The investment is
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