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India's Batliboi buys France's AESA Air Engineering for 90 mln rupees in cash

India's Batliboi Ltd has acquired a French textile air engineering company, AESA Air Engineering SA, for about 90 mln rupees in an all cash deal, the company said in a statement to the Bombay Stock Exchange.

On June 18, the machine-tool maker and engineering services firm had said it was in talks to acquire a European-based company in related line of business.

Source : Forbes

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