# 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.

- Type: Acquisition
- Announced: 2026-10-09
- Where: India
- Value: $610.0M (51.0B INR)
- Status: announced
- Products: aerospace components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Embraer](https://endata.com/companies/23129.md) (acquirer)
- [Mahindra & Mahindra](https://endata.com/companies/30042.md) (partner)
- [Mahindra Defence Systems](https://endata.com/companies/31297.md) (partner)
- [Mahindra Defence Systems](https://endata.com/companies/31297.md) (target)
- [Novavaayu Aerospace](https://endata.com/companies/94543.md) (target)
- [Novavayu Aerospace](https://endata.com/companies/94546.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/mahindra-to-sell-51-stake-in-aerospace-subsidiary-to-brazils-embraer-for-rs-5100-crore/articleshow/134856278.cms), 2026-10-10: "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."
- [manufacturing.economictimes.indiatimes.com](https://manufacturing.economictimes.indiatimes.com/news/aerospace-defence/embraer-to-acquire-51-stake-in-mahindra-defence-subsidiary-for-aerospace-jv/134876464), 2026-10-11: "Embraer has entered into an agreement to form a joint venture with Mahindra & Mahindra's defence arm, Mahindra Defence Systems Limited (MDSL), under which it will hold a 51 per cent majority stake in the newly established Novavayu Aerospace Limited."
- [airdatanews.com](https://www.airdatanews.com/embraer-to-acquire-majority-stake-in-newly-formed-indian-aerospace-company/), 2026-10-13: "Embraer will acquire a 51% stake in Novavayu Aerospace Limited, a newly established Indian company controlled by Mahindra Defence Systems."

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