E.com Infotech (India) has informed that the company in its BOD meeting on December 14, 2019, has decided to acquire a 51% stake in the form of equity shares in a Mumbai based private limited company. The proposed start-up as Freebird Aerospace India will focus on the Aerospace vertical and is planned to be registered under the Startup India scheme announced by the Government of India.
The above information is a part of company’s filings submitted to BSE.