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SUBSIDIARY NAME

Orto Aviation Project

COUNTRY

UAE

SECTOR/ INDUSTRY

AVIATION

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

June 28, 2022

ACQUISITION VALUATION

750 MILLION

TOTAL ASSET VALUATION

7.5 BILLION

TRANSPORT-AVIATION

Orto Aviation Project acquired on June 28, 2022 to purchase of aircrafts and execution of the project.Regional Pax+Cargo Airlines – 2 Nos. Licensed Operators (one Each in India and N.America/Europe) to be expanded to a Total (Minimum) Fleet of 51 Aircrafts. The Indian Carrier shall operate on Routes within India and to the East of DWC Airport(Dubai); the Western Carrier shall operate Routes within US/Canada/Europe and to the West of Corvera airport.

SUBSIDIARY NAME

New 3* or 4* Hotel, Restaurants, Retail and F&B Processing Plant with food production & packaging plant & a sports complex

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RMG INFIDEAL RESOURCES

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