Carnelian Structural Fund managed by Vikas Khemani, Jagdish Master, Rosy Blue India Private Limited, VPK Global Ventures Fund, Samedh Trinity Partners, Shyam Agarwal, Mitul Prafulbhai Mehta and Rajnik Savaliya entered into an agreement to acquire 3.55% stake in Aeroflex Industries Limited from Sat Industries Limited (BSE:511076) for INR 355.8 million on June 9, 2023.