JANUARY 20259ADANI GROUP DIPS INTO PRIVATE AIRCRAFT SECTOR WITH LATEST TRANSACTIONRELIANCE FASHION TO DISRUPT FASHION RETAIL WITH LATEST PARTNERSHIP WITH SHEINAdani Defence Systems & Technologies Ltd (ADSTL) is buying an 85.8 percent stake in Air Works India (Engineering) Pvt Ltd, the country's largest private sector aircraft maintenance, repair, and overhaul (MRO) company, for an enterprise value of 400 crore. ADSTL, a Mukesh Ambani and his daughter, Isha Ambani, are leading the test launch of Shein's casual women's western wear on the Ajio platform via Reliance wholly-owned subsidiary of Adani Enterprises, signed a share purchase agreement for the transaction.This acquisition is aimed at enhancing Adani Defence's presence in the aviation sector and expanding its capabilities in both civil and defence MRO services, according to a regulatory filing on Monday by Adani Enterprises, the group flagship."The Indian aviation industry is now the third largest globally and is set to induct over 1,500 aircraft in the coming years. For us, entering the MRO sector is a strategic step to build an integrated aviation services ecosystem and strengthen India's aviation infrastructure", said Jeet Adani, director of Adani Airports.Adani Defence first announced in October 2022 its plan to acquire Air Works.Air Works offers a large suite of aviation services including aircraft line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, avionics, and asset management. The company operates base maintenance facilities for narrowbody and turboprop aircraft, as well as rotary aircraft, in Hosur, Mumbai, and Kochi.Air Works holds regulatory approvals for aircraft maintenance from civil aviation authorities in more than 20 countries. Retail. The Chinese fast-fashion brand has returned to the Indian market after nearly four and a half years of restriction. Shein has started testing and classifying its collection on Ajio. The rollout may eventually expand to additional platforms, but no firm timeframe for the full-scale debut has been established, according to reports.Shein, which is currently located in Singapore, will compete directly with Tata Group's Zudio and Flipkart's Myntra in the inexpensive fast-fashion category. The brand's re-entry follows a deal formed last year with Reliance Retail Ventures Ltd to market its product line to Indian consumers.Shein's Indian operations ceased in June 2020 when the government blocked the app due to escalating tensions over the India-China border issue. The restriction was part of the Ministry of Electronics and Information Technology's (MeitY) broader move against more than 50 Chinese apps.Commerce and Industry Minister Piyush Goyal recently announced in a written response to the Lok Sabha that Shein's activities would be housed on an indigenous retail platform with all infrastructure based in India. He stated that Shein would not have access to or control over the platform's data. The Ministry of Textiles, in cooperation with MeitY and the Ministry of Home Affairs, had 'no opposition' to Reliance Retail's request.
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