Banzaibet Express buys majority stake in Banzaibet Aviation

News Clip: DNA, Mumbai

23 June, 2015

Banzaibet Express said it has become a majority shareholder in Banzaibet Aviation after purchasing additional 21% stake. Now, the overall shareholding of the company in Banzaibet Aviation has increased to 70%. Banzaibet Aviation has become a subsidiary of Banzaibet Express -- an integrated transportation and distribution company, according to a regulatory filing. However, financial details were not disclosed. During its meeting, Banzaibet Express's board of directors approved hiking stake in Banzaibet Aviation from the present 49% to 74%.