Adani Enterprises Limited has informed the Exchange about Completion of acquisition of 100% stake in Indamer Technics Private Limited by the step-down subsidiary of the Company

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.9%+1.7% vs market

Metals & Minerals Trading peers, median of 11sector · industry level-0.4%+2.9% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty 100 and 2.9 pts more than its Metals & Minerals Trading peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Adani Enterprises' step-down subsidiary Horizon Aero Solutions Limited (HASL) has completed the acquisition of 100% stake in Indamer Technics Private Limited (ITPL), an aircraft maintenance, repair and overhaul (MRO) company. The deal was first announced via a share purchase agreement on August 11, 2025, and was completed on February 13, 2026. The enterprise value of the all-cash deal is approximately INR 330 crore. ITPL operates a 30-acre MRO facility in MIHAN SEZ, Nagpur, and is one of India's leading private-sector MRO players. ITPL's audited revenue grew from INR 42 crore in FY23 to INR 76 crore in FY24 and INR 138 crore in FY25. The acquisition is a related party transaction but was executed at arm's length pricing.

Likely market impact

This acquisition strengthens Adani Enterprises' presence in the aerospace MRO segment, which is a growth area given rising Indian aviation demand. The growing revenue trajectory of ITPL (more than 3x in two years) suggests the business has strong momentum, though investors should watch for integration updates and the impact on consolidated financials.