Adani Enterprises Subsidiary Acquires Remaining Stake in Flight Simulation Solutions
Adani Enterprises Ltd announced that its wholly-owned subsidiary, Adani Defence Systems & Technologies Limited (ADSTL), has executed a Share Purchase Agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Private Limited (FSSPL). ADSTL currently holds a 55.40% stake in FSSPL. Upon completion, FSSPL will become a wholly-owned subsidiary of ADSTL, increasing ADSTL's effective stake in FSTC (a subsidiary of FSSPL) from 72.80% to 100%. The acquisition aims to expand ADSTL's footprint in the Aviation Services industry. The transaction involves cash consideration and is expected to be completed within two months. FSSPL reported a consolidated revenue of INR 235 Crore for FY 2025-26 and is engaged in integrated flight training services for pilots.
Key Highlights
- ADSTL to acquire 100% stake in Flight Simulation Solutions Private Limited.
- Acquisition aims to expand Adani's footprint in Aviation Services.
- FSSPL reported INR 235 Cr revenue in FY26.
- Transaction expected to complete within two months.
- Cost of acquisition is based on an enterprise value of INR 820 Cr for FSTC.
Price Impact
More from ADANIENT