By Admin 
Celebi shares fall: It is proving to be very expensive for the company there to support Turkey during a confrontation with India. Celi, a Turkish airport service company in India, suffered a major setback financially and in the last four days, about 26 percent of its investors were submerged. Turkey helped Pakistan and gave it drones and other equipment during the Operation Sindoor run against Pakistan against India after the Pahalgam attack.
After this, India has banned the operation of Turkish Aviation Company. After this action of the Government of India, investors of this Turkish company have lost about $ 200 million. Also, this company has been affected by the business spread worldwide. Listed on the Istanbul Stock Exchange, the company’s stock saw a decline of 20 percent during only two trading session.
Turkish aviation company investors big losses
Celebbi’s shares fell 222 points on May 16 to close at 2,002 lira. This was the biggest decline in the recent times in the stock of Selebi, which has been trading in India for almost a decade.
The Government of India canceled the security clearance of the Celebi, which is responsible for the security of the airport on behalf of the Government of India, and called it a threat to national security. This order of the government had a direct impact on Selebi Airport Services India and its group companies. This company had to stop its operations at the airport.
India important market for Celeby
India has been an important market for Celeby. During the financial year 2023-24, Celebi earned Rs 1522 crore from the operation in India. The highest gains Celebbi had two Indian units- Selebi Delhi Cargo and Celebi NAS. Both of them had earned Rs 188 crore after tax. Celebbi earned $ 585 million worldwide, out of which it earned more than $ 195 million from India. This directly means that about one third of the global business was earned from India. In such a situation, suddenly due to the closure of the operation of this company, its income and future plans have come in the balance.
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