Adani Enterprises Subsidiary to Acquire Full Ownership of Flight Simulation Solutions Private Limited
Adani Enterprises Limited has announced that its wholly-owned subsidiary, Adani Defence Systems & Technologies Limited (ADSTL), has entered into a Share Purchase Agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Private Limited (FSSPL).The transaction involves ADSTL acquiring the remaining ownership from existing shareholders of FSSPL, where it currently holds a 55.40% stake. Upon completion of this acquisition, ADSTL will hold a 100% stake in FSSPL, making it a wholly-owned subsidiary.
This strategic move will also impact the ownership structure of Flight Simulation Technique Centre Private Limited (FSTC), which is a subsidiary of FSSPL. As a result of the transaction, ADSTL’s effective shareholding in FSTC will increase from 72.80% to 100%.
The acquisition is aimed at expanding ADSTL's footprint within the Aviation Services industry. The company expects the transaction to be completed within a period of 2 months.
Financial and Operational Details of the Acquisition
The following table outlines the key financial figures and operational details regarding the acquisition:
| Particulars | Details |
|---|---|
| Target Entity | Flight Simulation Solutions Private Limited (FSSPL) |
| Industry | Aerospace - Flight Training |
| Consideration Type | Cash Consideration |
| Enterprise Value of FSTC | INR 820 Cr |
| Reporting Revenue (FSSPL Consolidated) | FY 23-24: INR 215 Crore; FY 24-25: INR 240 Crore; FY 25-26: INR 235 Crore |
Entity Background and Services
FSSPL, along with its subsidiaries, operates in the business of providing integrated flight training services to airline pilots. Its subsidiary, FSTC, is a pilot training organization approved by the Directorate General of Civil Aviation (DGCA) and the European Union Aviation Safety Agency (EASA).
The transaction is not categorized as a related party transaction, and there is no interest from the promoter or promoter group in the entity being acquired.
ADANIENT Stock Price Movement
Adani Enterprises Limited shares on Thursday slipped by 0.15% to settle at ₹3146.00. The stock traded with a volume of 1.15 million shares as the price found support near its intraday low of ₹3140.10.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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