Adani Defence acquires majority stake in air works India for Rs 400 crore

Adani Defence Systems and Technologies Ltd. has acquired an 85.8% stake in Air Works India for Rs 400 crore. This acquisition expands Adani’s presence in the maintenance, repair, and overhaul (MRO) sector, bolstering its aerospace and defence portfolio and aligning with the ‘Make in India’ initiative.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *