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Zodiac-JRD-MKJ to acquire Aerocom Automotives
Oct-18-2024

Zodiac-JRD-MKJ has signed a Non-Binding Term Sheet to acquire Aerocom Automotives. The Company wishes to set up a new vertical in the Automotive Components segment which has a brighter future than Diamonds and has identified this acquisition which is a running profit-making company supplying to esteemed clients such as Mahindra & Mahindra.

The Company shall close this acquisition in about 60 days from the date of signing the Term Sheet. The total acquisition is at a value of Rs 40 crore. This includes two MIDC, Nagpur Land parcels and Two factory buildings. Part will be paid in cash and balance in CCPs of the Company.

Zodiac-JRD-MKJ mainly imports rough diamonds from Belgium or buys them locally from Hindustan Diamonds and cuts and polishes them. 

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