ITE Group’s subsidiary Airgate Holdings has acquired a 31.7 per cent share of Mumbai-based ABEC Exhibitions and Conferences, taking its overall share to 60 per cent. The stake, acquired for around £14m, follows the company’s acquisition of a minority stake of 28.3 per cent in ABEC in December 2012. The new acquisition was financed out of the Group’s existing bank facilities and is expected to be earnings enhancing in the cur...