Adani Defence acquires 85.8% stake in Air Works

Adani Defence & Aerospace To Acquire Air Works India For INR 400 crore
Adani Defence Systems & Technologies Ltd. (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works for INR 400 crore. "The Indian aviation industry stands at a transformative juncture,
Gautam Adani Led Adani Defence To Acquire 85.8% Stake In Air Works For Rs 400 Crore; Shares In Focus
The Ahmedabad-based Adani Group has taken a step to expand its footprint in the aviation and defence sectors. Its defence arm, Adani Defence and Aerospace, announced on Monday the acquisition of an 85.
Adani Group eyes large defence contracts through Air Works acquisition
The Adani Group has been keen on taking up defence maintenance and manufacturing contracts and the acquisition will help the company expand its presence in these markets.
Adani Defence to acquire MRO firm Air Works for ₹400 cr
Air Works has built significant capabilities in defence MRO, executing projects for key platforms of Indian Navy and Indian Air Force, says Adani
Adani Enterprises shares in focus on Rs 400 crore acquisition of Air Works India
Adani Enterprises shares are likely to attract attention today as its subsidiary, Adani Defence Systems and Technologies (ADSTL), has acquired an 85.8% stake in Air Works India (AWIEPL) for Rs 400 crore.
Adani Group to acquire Air Works for enterprise value of Rs 400 crore
The acquisition enhances Adani's capabilities in the defence MRO sector, solidifying its position in India's airborne defence ecosystem.
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