Newrest Group Services SAS agreed to acquire Eih Flight Services Limited from EIH Limited (BSE:500840) for approximately MUR 330 million on March 16, 2022. Eih Flight Services Limited generated turnover of MUR 46.46 million, during the financial year 2020-21. The transaction has been approved by the board of directors of EIH Limited at its meeting held on March 16, 2022. Long stop date of 3 months from signing of documents is being considered to conclude the transaction. Ernst & Young LLP acted as the financial advisor to Eih Flight Services and EIH Limited.

Newrest Group Services SAS completed the acquisition of Eih Flight Services Limited from EIH Limited (BSE:500840) on February 8, 2023.