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CNBC-TV18 has learnt that Taneja Aerospace is likely to form a joint venture with Belgian company Sabina.
Sources say the deal is likely to be announced in a fortnight.
Taneja Aerospace is likely to form a JV with Belgium-based Sabina to set up an MRO facility in India. The facility is likely to be for the maintenance of small aircrafts and is likely to be in Nagpur.
Sabina was earlier interested in setting up India operations.
The deal likely to be announced in a fortnight.Management declined to comment on the deal.
CNBC-TV18 Disclaimer
This information has not been provided to the stock exchanges,and is source-based.
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