AGP Executive Report
Last update: 6 hours agoAir Mauritius Restructuring: Cabinet has approved splitting state-owned Airport Holdings Ltd into an aviation group led by Air Mauritius and an airport operations group led by Airports of Mauritius. Rodrigues Airport is to move into direct state ownership; no implementation timetable has been announced. Airline Review: Air Mauritius has hired Kroll to investigate aircraft sales and management decisions dating from its 2020 administration, including questions about sale prices and fleet planning. Cross-Border Investment: Fairfax India, through its Mauritius subsidiary, increased its stake in India’s IIFL Capital by 11.2% for about US$211 million, bringing its combined holding with an affiliate to 40.8%. Jobs and Investment: UPL says moving roles to its Pune and Mauritius business-services centres helped cut employee costs by about 15% year on year in the second quarter of FY27. Mauritius-based Epic Edges Capital also invested US$1 million in African game developer Rise of Fearless.
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