India, Oct. 16 -- The integrated logistics company Skyways Air Services has told exchanges that its board approved a restructuring of one of its subsidiaries, along with fresh overseas steps and a guarantee backing a foreign arm. The move comes after its first results as a listed company, when revenue nearly doubled. Investors will want to know who is buying, how much is at stake and what the company hopes to gain from these decisions, and how the arrangement may shape its international ambitions.

The Nifty 50 traded at 23,135 up 0.6%, while the Sensex gained 0.52% to 74,700 on Friday. Against the backdrop of a broader market rally, Skyways Air Services Limited is in focus after approving the sale of a 40% stake in its subsidiary Avito ...