TEXMACO: IN STEP-DOWN SUBSIDIARY ACQUIRES 100% SHARES OF INDOLEM TECHNOLOGIES

• Texmaco Defence Technologies Limited signed SPA on Sept 30, 2026, to acquire 100% of Indolem Technologies Systems Private Limited. • Upon closing, Indolem Technologies Systems Private Limited will become a wholly-owned subsidiary of Texmaco Defence Technologies Limited and a step-down subsidiary of Texmaco. • Indolem Technologies Systems Private Limited is engaged in acquiring, developing, and exploiting intellectual property for autonomous vehicles and related technologies. • Deal value is ₹8,00,000 for 100% shareholding. • Acquisition is aligned with the company's strategy to expand its defence portfolio. • Completion is expected within 30 business days from the SPA execution date.

Texmaco Rail & Engineering Ltd

Open attachment

← Back to feed