Adani Enterprises Limited has informed the Exchange regarding signing of Share Purchase Agreements by Horizon Aero Solutions Limited and Adani Defence Systems and Technologies Limited, subsidiaries of the Company, with Flight Simulation Technique Centre Private Limited, Flight Simulation Solutions Private Limited and their existing shareholders.
ADANIENT · price
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Two subsidiaries of Adani Enterprises — Horizon Aero Solutions Limited and Adani Defence Systems and Technologies Limited — have signed Share Purchase Agreements with Flight Simulation Technique Centre Private Limited, Flight Simulation Solutions Private Limited and their existing shareholders. The acquisition will bring the two flight simulation companies under Adani's umbrella, expanding its presence in the aerospace and defence training space. The specific deal value and stake being acquired have not been disclosed in the filing. The move fits with the Adani group's stated push into defence and aviation-related businesses.
This is a bolt-on acquisition in the niche flight simulation training segment and is unlikely to move the needle on Adani Enterprises' stock in the short term. Long-term, it strengthens the group's defence and aerospace portfolio, which may support its broader strategic diversification.