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Adani Defence acquires 85.8% in Air Works
The New Indian Express Vellore
|December 24, 2024
ADANI DEFENCE Systems & Technologies Ltd. (ADSTL) in acquiring 85.8% shareholding in Air Works (AWIEPL), India's largest private sector MRO company with the largest pan-India footprint, said the Adani Group company on Monday. ADSTL will acquire the stake at an enterprise value of ₹400 crore.
Air Works offers an end-to-end bouquet of aviation services spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, avionics as well as asset management services to its Indian and global customers. The compa
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