Subsidiary to acquire full stake in flight training firm FSSPL for INR 820 Cr EV
ADANIENT · price
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Adani Enterprises' wholly-owned subsidiary ADSTL has signed a Share Purchase Agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Pvt Ltd (FSSPL), taking its holding from 55.40% to 100%. This will also raise ADSTL's effective stake in FSTC from 72.80% to 100%. Deal is cash consideration at an enterprise value of INR 820 Cr for FSTC. FSSPL provides integrated pilot training services with FY25-26 revenue of INR 235 Cr. Not a related party transaction. Expected to close within 2 months.
Consolidates Adani's aviation training business fully under ADSTL, giving complete control over a INR 235 Cr revenue unit in the aerospace segment.