Air Works India (Engineering) Pvt. Ltd is planning to raise a second round of funding by divesting either whole or part of the stake for R150 Cr, says Livemint.
The company may raise capital from both new and existing investors. JM Financial Securities is appointed as an advisor to the deal.
PE firms New Enterprise Associates and GTI Capital Group own around 51.51% stake in Air Works; engineering firm Punj Lloyd Ltd holds 19.58%.
The fund raising plans comes at when aircraft maintenance is being considered a part of the sub-sector of airports in transport sector infrastructure for the purpose of raising money overseas.
Mumbai-based Air Works is an independent provider of aviation MRO services in India It provides aviation services qualified to maintain 50 types of planes for over 100 customers across 15 maintenance locations in the country.
21/01/14 Deal Curry
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The company may raise capital from both new and existing investors. JM Financial Securities is appointed as an advisor to the deal.
PE firms New Enterprise Associates and GTI Capital Group own around 51.51% stake in Air Works; engineering firm Punj Lloyd Ltd holds 19.58%.
The fund raising plans comes at when aircraft maintenance is being considered a part of the sub-sector of airports in transport sector infrastructure for the purpose of raising money overseas.
Mumbai-based Air Works is an independent provider of aviation MRO services in India It provides aviation services qualified to maintain 50 types of planes for over 100 customers across 15 maintenance locations in the country.
21/01/14 Deal Curry
