What Happened
Indian Aerospace Component Maker Targets $450 Million Capex
Aequs, an Indian aerospace components manufacturer, has raised ₹650 crore through a preferential warrant issue to accelerate its capital expenditure plans. The company aims to scale its operations four to six times above 2026 levels by 2031, with a total capex of $450 million. Aequs also plans to raise ₹800 crore in debt by the end of this year, with deployment scheduled through the middle of next year. The expansion plans include both aerospace and consumer businesses, with the company engaged in strategic discussions with major engine and landing gear manufacturers, as reported by CNBC TV18.