More
More
Comments0
Tartv

Adani Group to acquire Air Works for enterprise value of ₹400 crore

By admin


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. File

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. File
| Photo Credit: Reuters

Adani Group on Monday (December 23, 2024) said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of ₹400 crore.

“Adani Defence Systems & Technologies Limited (ADSTL) has signed a share purchase agreement to acquire 85.8% 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.

Published – December 23, 2024 03:49 pm IST



Source link

Post Views: 11
spot_img

More from this stream

Recomended

Terms of use

Privacy Notice

More

© Copyright - Newspaper WordPress Theme by TagDiv

Central Tobacco Research Institute renamed as National Institute for Research on Commercial AgricultureActor Sathyaraj's daughter Divya joins DMKActivists urge Mysore varsity to revoke ban on feeding birds, animals at Kukkarahalli LakeGreen nod for second, third phases of Vizhinjam port expansion likely in MarchU.P. Police book trans activists fighting for horizontal reservation after complaint from transgender welfare board memberPM Modi mentions IIT Madras research work in Mann ki BaatLiterary festival organised in HyderabadB2B meet ‘Gateway to Malabar’ explores new tourism opportunities in northern KeralaVembanad lake rejuvenation project: 12.73 tonnes of plastic waste collectedAll great literature engages with contemporary events of the times: SainathLuminaria exhibition at St. Thomas College, PalaTraffic jams caused by VVIPs hurting elderly, children and women pilgrims at Maha Kumbh: Akhilesh YadavElaborate preparations underway for Kumbh Mela at T. Narsipur from February 10 to 12Andhra Pradesh is off ventilator, but is still a patient requiring hand-holding, CM Naidu tells Union Home Minister Amit ShahProcure paddy from farmers without restriction on moisture content, Palaniswami tells govt.Survey finds 30.1% youth in 14-18 age group out of education system in TelanganaEfforts on to clear bottlenecks in Kottayam-Kumily RoadParliament should have an annual calendar: Derek O’BrienMysuru’s Vishwa Manava Double Road features cycle track declared ‘No Parking’Vemana’s life and works are relevant to society even today, says MLA