A unit of Elephant Capital PLC has bought a 4.8% stake in India's Air Works for 2.45 million pounds ($3.96 million).
Elephant Capital's investment is through its Mauritius unit, Tusk Investment Fund 1, the provider of aircraft maintenance, repair and overhaul services said in a statement.
Air Works will also get another round of investment from the private-equity firm, it said, without elaborating.
Source: WSJ