# Millworks Technologies acquires 67% stake in Vidwan Aeronautics via loan conversion

Millworks Technologies acquired a controlling 67% stake in Vidwan Aeronautics Private Limited by converting an outstanding loan of ₹2.75 crore into equity shares. The deal makes the aerospace component manufacturer a subsidiary of Millworks.

- Type: Acquisition
- Announced: 2026-08-31
- Where: Bengaluru, India, India
- Value: $330K (27.5M INR)
- Status: announced
- Products: high-precision aerospace engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Millworks Technologies](https://endata.com/companies/93671.md) (acquirer)
- [Vidwan Aeronautics](https://endata.com/companies/93672.md) (target)

## Sources

- [scanx.trade](https://scanx.trade/stock-market-news/companies/millworks-technologies-acquires-67-stake-vidwan-aeronautics-via-loan/49725774), 2026-08-31: "Millworks Technologies has acquired a controlling 67% stake in Vidwan Aeronautics Private Limited by converting an outstanding loan into equity shares."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.