Adani Enterprises Limited intimates the completion of acquisition of remaining stake in Flight Simulation Solutions Private Limited (FSSPL) by its wholly owned subsidiary Adani Defence Systems & Technologies Limited (ADSTL).
Transaction Details
- ADSTL has completed the acquisition of the remaining 44.6% stake in FSSPL
- The acquisition was executed in accordance with the terms of the Share Purchase Agreement (SPA) dated July 16, 2026
- Prior to this acquisition, ADSTL held a 55.40% stake in FSSPL
- Post-acquisition, FSSPL has become a 100% wholly-owned subsidiary of ADSTL
Subsidiary Structure Impact
- Flight Simulation Solutions Private Limited (FSSPL) is now a wholly-owned subsidiary of ADSTL
- FSSPL's subsidiary, Flight Simulation Technique Centre Private Limited (FSTC), has also become a wholly-owned subsidiary of ADSTL through this transaction
Timeline and Communication
- Initial intimation of SPA execution was made to stock exchanges on July 16, 2026
- Completion intimation was received by Adani Enterprises on August 4, 2026 at 11:37 AM IST
- The disclosure is made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI Listing Regulations
- Also complies with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026