Adani Enterprises Subsidiary Completes 39% Stake Acquisition in FSTC for ₹820 Crore
Adani Enterprises' subsidiaries have acquired a 39% stake in Flight Simulation Technique Centre (FSTC) for an enterprise value of ₹820 Crore. FSTC is a DGCA and EASA approved pilot training organization. The remaining 33.8% stake acquisition is anticipated by January 2026.
The acquisition of a 39% stake in a pilot training center is a strategic move that expands the company's business vertical, but the impact is considered medium as it is an initial stake and the full acquisition is scheduled for the next year.
The acquisition is positive as it expands the company's footprint in the aviation services industry and involves a significant strategic investment.
Adani Enterprises Limited (AEL) has announced the completion of the acquisition of a 39% effective shareholding in Flight Simulation Technique Centre Pvt. Limited (FSTC) by its subsidiaries, Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL).
The acquisition was completed on December 30, 2025, with the information received by the company on the same day. This follows an earlier intimation on November 27, 2025, regarding the signing of Share Purchase Agreements. The total enterprise value for the acquisition is ₹820 Crore.
FSTC, established in 2011, is a Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA) approved pilot training organization. It provides integrated flight training with 11 flight simulators and a fleet of 17 training aircraft. FSTC's audited turnover was ₹165 Crore in FY 2022-23, ₹184 Crore in FY 2023-24, and ₹195 Crore in FY 2024-25.
The acquisition aims to expand ADSTL's and HASL's footprint in the Aviation Services industry. The company also indicated that the remaining 33.8% stake in FSTC is expected to be acquired by January 2026.
What to do with a filing like this
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.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Adani Enterprises Limited. Read the original for the full detail.