Europe-an Aeronautics Defence and Space Company (EADS) France has partnered with Jupiter Aviation to establish an aviation infrastructure hub in the country. The consortium and its partners are planning strategic investment and development of maintenance and support infrastructure Aviation Training Academy and knowledge centre in India. EADS has applied for app-roval for 24 per cent equity participation in Indian Aero. The shareholders of the proposed India Aero are Jupiter Strategic Technologies which has a 99.79 per cent stake Jupiter Capital Private Ltd — 0.211 per cent and Mr Rajeev Chandrashekar with 100 shares.
Jupiter Strategic and Jupiter capital are 100 per cent Indian owned companies. Jupiter Strategic has been set up to provide technological, software and network integration services for various government and private undertakings in India and abroad. EADS in its application to the foreign investment promotion board said Bangalore-based Aero-Ventures Pvt Ltd proposed to make an investment through a fre-sh issue of 15,14,747 shares if Rs 10 each at a premium of Rs 856. They expect and inflow of Rs 131.20 crore. The investment will dire-ctly and indirectly finance the infrastructure/ services sector specifically companies engaged in maintenance, repair and overhaul, training of pilots, maintenance engineers and cabin crew.
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