rediff.com

Adani Group Acquires Air Works for Rs 400 Cr

Share on:

By Rediff Money Desk, New Delhi   Dec 23, 2024 15:33

Adani Group announced the acquisition of Air Works, India's largest private sector MRO company, for an enterprise value of Rs 400 crore.
Adani Group Acquires Air Works for Rs 400 Cr
Photograph: ANI Photo
New Delhi, Dec 23 (PTI) Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of Rs 400 crore.

"Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works, India's largest private sector MRO company with the largest pan-India footprint," the conglomerate said in a statement.

With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!