Shares of Adani Enterprises Ltd ended flat after hitting a day’s high of Rs 2,314.70 on 12th August. This followed its subsidiary, Adani Defence & Aerospace, in partnership with Prime Aero, signing a definitive agreement to acquire a 100% stake in Indamer Technics Private Limited (ITPL), one of India’s leading private-sector aircraft maintenance, repair, and overhaul (MRO) companies.

The acquisition will be carried out through Horizon Aero Solutions Limited. This company is a 50:50 joint venture between Adani Defence & Aerospace and Prime Aero, led by Prajay Patel, Director of Indamer Technics. The deal strengthens Adani’s presence in the aviation MRO sector.

ITPL’s facility, located in Nagpur’s MIHAN special economic zone, spans 30 acres and houses 15 aircraft bays across 10 hangars. It is approved by the DGCA, the US FAA, and other global regulators. The facility offers services such as lease return checks, heavy C-checks, structural repairs, and aircraft painting.

Jeet Adani stated that the acquisition comes as India’s aviation sector is poised for rapid expansion, with over 1,500 new aircraft expected in the coming years. The move will also allow Adani Defence & Aerospace to create synergies with Air Works. Their collaboration will provide integrated services to both commercial and defence aviation markets.

At 3:30 PM, the shares of Adani Enterprises ended 0.49% higher at Rs 2,294.50 on NSE.

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