Acquisitions11 Mar 2026, 06:52 pm
Adani Enterprises Subsidiary Acquires Remaining Shares in Air Works India, Increasing Stake to 99.98%
AI Summary
Adani Enterprises Ltd. has announced that its wholly owned subsidiary, ADSTL, has completed the acquisition of the remaining 14.2% effective shareholding in Air Works India (Engineering) Private Ltd. This acquisition has increased ADSTL's stake in Air Works to 99.98%. Air Works, a subsidiary of ADSTL, is India's largest privately-owned aviation services & MRO company, with a focus on maintenance, repair, and overhaul of aircraft.
Key Highlights
- Adani Enterprises' subsidiary, ADSTL, acquires remaining 14.2% shares in Air Works India
- Air Works is India's largest privately-owned aviation services & MRO company
- Acquisition increases ADSTL's stake in Air Works to 99.98%
- Air Works focuses on maintenance, repair, and overhaul of aircraft
- Completed acquisition with cash consideration of INR 400 crores