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,

The acquisition enhances Adani's capabilities in the defence MRO sector, solidifying its position in India's airborne defence ecosystem.

Adani Defence & Aerospace announced on Monday that it has signed a binding agreement to acquire Air Works, India's largest private-sector maintenance, repair, and overhaul (MRO) company, for an enterprise value of Rs 400 crore.

The Adani Group announced on Monday its plan to acquire aviation maintenance, repair, and overhaul (MRO) firm Air Works for an enterprise value of Rs 400 crore, media reports said.

Adani Group has acquired an 85.8 per cent stake in Air Works, India’s largest and, perhaps, the oldest maintenance,

The Adani group’s defence arm, Adani Defence Systems & Technologies Ltd (ADSTL), has signed an agreement to acquire an 85.8% stake in Air Works, India’s largest private-sector Maintenance, Repair and

The acquisition, with an enterprise value of ₹400 crore, will enable Adani Group to offer a range of of aviation services spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks,

Adani Group acquires Air Works, India's largest MRO company, expanding its aviation services with a ₹400 crore deal.

The deal values Air Works, India’s largest private-sector Maintenance, Repair, and Overhaul (MRO) company, at an enterprise value of ₹400 crore. Shares of Adani Enterprises Ltd ended at ₹2,348.05, up by ₹3.

The acquisition also reinforces Adani Group's commitment to the Make in India initiative, focusing on building indigenous capabilities in high-value sectors like aerospace and defence.

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.