Reliance Infrastructure said its unit will sell a 2% stake in its India joint venture to partner Dassault Aviation, elevating the French fighter-maker to a 51% majority owner and giving Dassault operational control of the local partnership with Anil Ambanis Reliance.
Discovered |
Briefing
Dassaults move gives it majority control of the JV that underpins its India industrial footprint and sustainment activities, reinforcing its role in local production and maintenance tied to the Rafale programme (see its ties to Tata and Safran for Rafale fuselage manufacture and engine MRO): https://hype.aero/?story=c0efc467-6a91-4665-824e-98930b3bb186
Majority ownership concentrates decision-making over offsets, tech-transfer and long-term sustainment strategy in India, directly related to Dassaults planned Rafale mid-life upgrades and export appeal: https://hype.aero/?story=5bf4c77b-deff-48a4-9826-e7091a918378
Reported By
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(FR) India: Dassault Aviation to take control of its joint venture with Reliance • Le Journal de l’Aviation
Dassault Aviation Hikes Stake In Reliance Infra Joint Venture To 51% • India Defense News
Reuters
• Nandan Mandayam