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An update from Adani Enterprises Limited ( (IN:ADANIENT) ) is now available.
Adani Enterprises has announced that its wholly owned defence subsidiary, Adani Defence Systems and Technologies Limited, along with its subsidiary Horizon Aero Solutions Limited, has completed the acquisition of an effective 39% stake in Flight Simulation Technique Centre Pvt. Ltd. (FSTC), a flight training company in the aerospace sector that reported audited revenue of ₹195 crore in FY 2024-25. The cash-based deal, which is part of a broader transaction valuing FSTC at an enterprise value of ₹820 crore and envisages acquiring an additional 33.8% stake by January 2026, is intended to expand Adani’s footprint in aviation services and flight training, signalling a strategic push deeper into the aerospace training ecosystem and strengthening its positioning in India’s growing defence and aviation market.
More about Adani Enterprises Limited
Adani Enterprises Limited, the flagship company of India’s Adani Group, operates as a diversified conglomerate with interests spanning infrastructure, energy, and emerging sectors such as defence and aerospace. Through subsidiaries like Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL), the group has been building a presence in aviation services and defence technologies, targeting growth opportunities in high-value, technology-intensive segments of the market.
Average Trading Volume: 53,043
Technical Sentiment Signal: Sell
Current Market Cap: 2847.8B INR
Learn more about ADANIENT stock on TipRanks’ Stock Analysis page.