Adani Defence Systems to Acquire Majority Stake in India's Largest Independent Flight Training Provider, FSTC, for INR 820 Cr

Adani Defence Systems and Technologies Limited (ADSTL), a wholly owned subsidiary of Adani Enterprises Ltd, and Horizon Aero Solutions Limited (HASL), a subsidiary of ADSTL, have signed share purchase agreements with Flight Simulation Solutions Pvt. Limited (FSS), Flight Simulation Technique Centre Pvt. Limited (FSTC), and their existing shareholders. The agreement is to acquire effectively 72.8% stake in FSTC. The cost of acquisition is INR 820 Cr. FSTC is India's largest independent pilot flight training organisation. This acquisition will significantly enhance India’s flight training capacity and create strong opportunities in both civil and defence pilot training.