Adani Defence to Acquire 72.8% Stake in FSTC for ₹820 Crore
Adani Defence Systems to acquire 72.8% stake in Flight Simulation Technique Centre (FSTC) for ₹820 crore, expanding its aviation services platform.
The acquisition strengthens Adani Defence's position in the aviation services sector and enhances India's flight training capacity. The deal size of ₹820 crore is significant.
The acquisition is a strategic move to expand Adani's aviation services platform and capitalize on the growing demand for pilot training in India.
* Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL) have signed share purchase agreements to acquire a 72.8% stake in Flight Simulation Technique Centre Private Limited (FSTC). * The acquisition will be at an enterprise value of ₹820 crore. * FSTC is India’s largest independent flight training and simulation provider, operating 11 full-flight simulators and 17 training aircraft. * The acquisition aims to build a fully integrated aviation services platform, including MRO and full-stack flight training.
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Adani Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Enterprises Limited. Read the original for the full detail.