Acquisition

Krishna Defence and Allied Industries Limited (KDAIL) has acquired 2,500 equity shares in Waveoptix Defence Solutions Private Limited, raising its stake from 25% to 40%. This move aims to convert an outstanding loan into equity, supporting Waveoptix's growth within the defense and aerospace sectors.

Waveoptix, with a net worth of ₹7.7 crore and a turnover of ₹10.84 crore, specializes in RF-over-Fiber systems and rugged fiber optic solutions.

The acquisition was executed at ₹19,000 per share, reflecting KDAIL's strategic intent to enhance synergies and bolster its market position.