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  • Investment Afoot at Air Works India
    Posted by Elyse Moody 9:33 PM on May 18, 2011

    Elephant Capital, a private equity business focused on the Indian market, has acquired a 4.8% stake in Air Works India via its Mauritius unit Tusk Investment Firm 1, the Wall Street Journal reports today. The stake cost the Elephant Capital unit about $3.96 million.
    blog post photo

    [Photo credit: Air Works India]

    In April, Air Works India managing director Vivek Gour talked with me about his aims for the company. A big part of that was attaining investment from private equity to improve Air Works India's position in the global market and strengthen it to make strategic acquisitions.

    I wrote about some of those growth plans here. You can read more about Air Works India and its management team's strategy in O&M's June issue, which we just closed today. Expect to see the full interview up on AviationWeek.com's O&M Channel on June 1.

    Tags: om99, india

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