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Adani Enterprises’ arm acquires additional 14.2% stake in Air Works

12 Mar 2026 Evaluate

Adani Enterprises’ wholly owned subsidiary -- Adani Defence Systems & Technologies (ADSTL) has completed the acquisition of 14.2% effective shareholding in Air Works India (Engineering) (Air Works) in accordance with the terms of the Share Purchase Agreement (SPA). ADSTL already holds 85.76% in Air Works and this acquisition has increased the stake of ADSTL in Air Works to 99.98%.

The objective is to expand company’s footprint in the Aircraft Services & MRO industry. The cost of acquisition is at an enterprise value of Rs 400 crore.

Earlier, ADSTL had executed SPA with Punj Lloyd Aviation (PLAL) for acquisition of 14.2% effective shareholding in Air Works.

Adani Enterprises, the flagship company of the Adani Group, is one of India’s largest business organisations. The company has enhanced value for stakeholders by building prominent infrastructure assets and widening its presence across a range of sectors directed towards responsible nation-building.


Adani Enterprises Share Price

2218.35 13.35 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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