The Board of Directors of Melstar Information Technologies Limited ('Company') at its meeting held today i.e. on Saturday, December 21, 2024 has given the in-principle approval for the acquisition of 51% stake in Plexus Aviation Services Private Limited.
The aforesaid transactions are subject to execution of definitive transaction documents and any other applicable procedural & regulatory steps.
PLEXUS Aviation Services was incorporated on 14.03.2022 in India. Turnover of last two years i.e. 13.64 Cr. And 15.37 Cr. In FY 2024 and FY 2023 respectively.
PLEXUS Aviation Services successfully obtained the prestigious Flight Clearing Agency (FCA) License from the Director General of Civil Aviation (DGCA) in July 2024, signifying a key milestone in its operational capabilities.
Significant Returns in a Lucrative Industry: Investing in the aviation fueling sector promises significant returns, coupled with the opportunity to establish a strong presence in one of the world's most profitable industries. Low Competition Business Sector and the continuous demand for aviation fuel ensures that this sector remains a valuable and sustainable investment. |
