Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value

Daily Current Affairs / Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value

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Category : Business and economics Published on: December 28 2024

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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, which has largest pan-India presence.
Air Works, India's largest private sector MRO company, operates in 35 cities and employs over 1,300 employees.