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      SUMA gp posted an update

      2 months ago

      Adani Group Acquisition Update: Company Announces Rs 400 Crore Stake Purchase

      Adani Defence & Aerospace (ADSTL) has signed a binding agreement to acquire an 85.8 per cent stake in Air Works India (Engineering) Pvt. Ltd., India’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company, for an enterprise value of Rs 400 Crore. The deal marks a significant move in Adani’s strategic expansion in India’s aviation and defence sectors.




      Screenshot 2024-12-24 103006
      Roopesh S Naidu and Shrinidhi Rao
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