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
ADANIENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.