Adani Enterprises Limited disclosed that its wholly-owned subsidiary, Adani Defence Systems & Technologies Limited (ADSTL), has executed a Share Purchase Agreement with Flight Simulation Solutions Private Limited (FSSPL) and its existing shareholders. ADSTL currently holds a 55.40% stake in FSSPL and is acquiring the remaining 44.6% stake.

Transaction Details

  • Target Entity: Flight Simulation Solutions Private Limited (FSSPL)
  • Industry: Aerospace - Flight Training
  • Current Stake: ADSTL holds 55.40% in FSSPL
  • Acquisition Stake: 44.6% (remaining stake)
  • Post-acquisition Stake: ADSTL's stake in FSSPL will increase to 100%
  • Effective Stake Impact: ADSTL's effective stake in Flight Simulation Technique Centre Private Limited (FSTC), a subsidiary of FSSPL, will increase from 72.80% to 100%
  • Consideration: Cash consideration
  • Enterprise Value: INR 820 Crore for FSTC
  • Completion Timeline: Within 2 months

Financial Information

FSSPL's consolidated revenue (audited):

  • FY 2023-24: INR 215 Crore
  • FY 2024-25: INR 240 Crore
  • FY 2025-26: INR 235 Crore

Business Details

FSSPL along with its subsidiaries is engaged in providing integrated flight training services to pilots of airlines. FSTC is a Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA) approved pilot training organization.

Transaction Rationale

The objective is to expand ADSTL's footprint in the Aviation Services industry.

Regulatory Aspects

  • Disclosure Reference: Regulation 30 of SEBI Listing Regulations
  • Related Party Transaction: No
  • Government Approvals: Not Applicable
  • Arm's Length Transaction: Confirmed as not being a related party transaction

Additional Information

  • Information received by the company on July 16, 2026 at 12:28 PM
  • Disclosure includes details as required by SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal)

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