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Air Works Group and Adani Defence and Aerospace signed a binding Share Purchase Agreement for Adani to acquire Air Works at an enterprise value of INR 400 crore.
Adani Defence Systems & Technologies Ltd. has signed definitive agreements to acquire Air Works, India's largest independent MRO, for an enterprise value of INR 400 crore. Air Works has a pan-India network across 27 cities and six maintenance bays.