Adani Defence Systems & Technologies (ADSTL) has signed a share purchase agreement to acquire 85.8 percent shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India footprint.
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Adani Defence to acquire majority stake in Air Works
Deal at enterprise value of Rs 400 crore; acquisition enhances Adani’s capabilities in defence MRO sector.
https://www.itln.in/aviation/adani-defence-to-acquire-majority-stake-in-air-works-1354068