Dassault Aviation Hikes Stake In Reliance Infra Joint Venture To 51%

French aerospace major Dassault Aviation has decided to cement its long-term commitment to India by increasing its stake in Dassault Reliance Aerospace Limited (DRAL), its joint venture with Reliance Infrastructure Ltd., from 49% to a controlling 51%.The transaction involves Reliance Aerostructure Ltd (RAL), a wholly owned Reliance Infra unit, transferring 2% of its holding to Dassault Aviation
French aerospace major Dassault Aviation has decided to cement its long-term commitment to India by increasing its stake in Dassault Reliance Aerospace Limited (DRAL), its joint venture with Reliance Infrastructure Ltd., from 49% to a controlling 51%.The transaction involves Reliance Aerostructure Ltd (RAL), a wholly owned Reliance Infra unit, transferring 2% of its holding to Dassault Aviation
Go to Source