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.
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.