Pipavav Defence in pact with Airbus, SKIL

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  1. SpArK

    SpArK SORCERER Senior Member

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    Pipavav Defence in pact with Airbus, SKIL

    MUMBAI: Pipavav Defence and Offshore Ltd said on Wednesday it has signed an agreement with AirbusIndustry and SKIL Infrastructure to develop maintenance, repair and overhaul facilities in India with an investment of $100 million in the first phase.

    Airbus will have 26 percent stake in the project and may further raise it to 49 percent, it said in a statement, adding, Pipavav will hold 51 percent in the joint venture.

    http://economictimes.indiatimes.com/news/news-by-industry/indl-goods-/-svs/engineering/pipavav-defence-in-pact-with-airbus-skil/articleshow/10159205.cms

    http://www.equitybulls.com/admin/news2006/news_det.asp?id=96520
     
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