Asia/Pacific

Adani Group to acquire majority stake in Air Works for $47 million

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Adani Group to acquire majority stake in Air Works for $47 million

Adani Group will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works India, the company said in a stock filing on December 23, 2024. The group signed a binding agreement for an 85.8% stake for INR400 crore ($47 million).Air Works undertakes base maintenance for narrowbody...

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