Oct 9, 2026ACQUISITIONIndia Mahindra to sell 51% stake in aerospace subsidiary Novavaayu to Embraer for Rs 5,100 crore
Mahindra & Mahindra entered an agreement to sell a 51% equity stake in its wholly owned subsidiary Novavaayu Aerospace Ltd to Brazil's Embraer SA for approximately Rs 5,100 crore. The transaction is expected to be completed on or before December 1, 2026.
Productsaerospace components
“Mahindra & Mahindra Ltd on Friday entered an agreement to sell a 51% equity stake in Novavaayu Aerospace Ltd (NAL), to Brazil-based Embraer SA for approximately Rs 5,100 crore.”economictimes.indiatimes.com
- 3 sources
- economictimes.indiatimes.comMahindra to sell majority stake in aerospace subsidiary to Brazil's Embraer for Rs 5,100 crore - The Economic TimesET OnlineOct 10, 2026
- manufacturing.economictimes.indiatimes.comEmbraer Acquisition: Embraer Acquires Majority Stake in Mahindra Defence for Aerospace Joint Venture, ETManufacturingOct 11, 2026
- airdatanews.comEmbraer to acquire majority stake in newly formed Indian aerospace company - Air Data NewsRicardo MeierOct 13, 2026
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