Acquisitions1 Jul 2025, 07:32 pm
Adani Enterprises Subsidiary Acquires 85.1% Stake in Air Works India for INR 356 Cr
AI Summary
Adani Enterprises Ltd has announced that its wholly-owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), has completed the acquisition of 85.1% stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL) on 1st July, 2025. AWIEPL, a leading aviation services & MRO company in India, has a turnover of INR 356 Cr for FY 2023-24. The acquisition aims to expand Adani's footprint in the Aircraft Services & MRO industry.
Key Highlights
- Adani Enterprises' subsidiary ADSTL acquires 85.1% stake in Air Works India for INR 356 Cr
- Air Works India is a leading aviation services & MRO company in India with a turnover of INR 356 Cr for FY 2023-24
- The acquisition aims to expand Adani's footprint in the Aircraft Services & MRO industry