Mahindra Defence sells 51% of Novavayu Aerospace to Embraer
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Mahindra Defence Systems Limited sold a 51% equity stake in Novavayu Aerospace Limited to Embraer S.A., with the transaction expected to close on or before December 1, 2026.
Mahindra Defence Systems will receive an aggregate consideration of approximately ₹5,10,000 for the stake; Novavayu Aerospace Limited was incorporated on July 29, 2026, and has not generated operational revenue as of the disclosure date.