The business tycoon's latest buy is through Adani Defence Systems & Technologies, which will acquire 100% of Air Works from the Menons and other shareholders including Punj Lloyd Aviation, GTI Capital, and the company's employee welfare trust. The deal will boost Adani's fledgling aircraft maintenance business and comes ahead of the government planning to privatise AI Engineering Services. Adani will also take on Air Works's 900-plus maintenance experts. Besides, the acquisition will supplement his airports portfolio.
This story is from the October 19, 2022 edition of The Times of India.
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This story is from the October 19, 2022 edition of The Times of India.
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