Mumbai-based, Concurrent India Infrastructure Ltd. said on Friday that it is going to buy majority stake in Kazi Aviation & Travel Services.

It did not disclose the amount which is going to be involved, if and when the deal takes place. The details of the plans were given in a filing done by Concurrent to the BSE.

Both the companies are related to the field of infrastructure. While Concurrent deals in the business of construction, power and engineering; Kazi deals with the aviation sector. The Chennai-based company does ground handling, maintenance and repairing of aircrafts.

This is not the first deal that is happening in this area this year. Earlier, two deals between big companies have already taken place.

The first was the Air Works Engineering Pvt. Ltd. acquiring majority stake in Air Livery UK Plc. The Mumbai-based company bought majority stake in the UK firm. The second was the agreement between Jet Airways India Ltd. and MAS GMR Aerospace Engineering Company Pvt Ltd. Jet bought over 26 per cent stake.

After the declaration, Concurrent shares went up by 2.59 per cent to close at Rs. 21.75 at 1 on the BSE.