Khaitan & Co Advised GTI Capital Delta Private Limited On Exit From Air Works India (Engineering) Private Limited
Khaitan & Co advised GTI Capital Delta on its exit from Air Works India, following Adani Group’s ₹400 crore acquisition of an 85.8% stake in the aviation MRO firm.;
Khaitan & Co Advised GTI Capital Delta Private Limited On Exit From Air Works India (Engineering) Private Limited
Khaitan & Co advised GTI Capital Delta Private Limited on its proposed exit from Air Works India (Engineering) Private Limited. The Adani Group announced its acquisition of Air Works, India’s largest private aviation maintenance, repair, and overhaul (MRO) services firm, for an enterprise value of INR 400 crores. The deal, executed through Adani Defence Systems & Technologies Ltd (ADSTL), includes the acquisition of an 85.8% shareholding in the company.
The transaction was led by Bharat Anand (Partner) and Tanvi Kumar (Partner), with support from Pulkit Chaturvedi (Principal Associate) and Nipun Laroia (Associate).
On the direct tax aspects, the team was led by Ritu Shaktawat (Partner) and Rahul Jain (Director).
