Adani‍‌‍‍‌‍‌‍‍‌ Defense to Acquire 72.8% Stake in FSTC for ₹820 Crore to Speed up the Expansion of Pilot Training

Ahmedabad, 28 November 2025: Adani Enterprises Ltd has announced that its defence subsidiary will acquire a 72.8% stake in Flight Simulation Technique Centre Pvt Ltd (FSTC) after signing a definitive agreement. The deal marks a major step in strengthening the group’s presence in India’s aviation-training ecosystem.

Key Details

The company confirmed the acquisition through an exchange filing. The share purchase agreements were executed by Adani Defence Systems and Technologies Ltd (ADSTL) and Horizon Aero Solutions Ltd (HASL). ADSTL is a wholly owned subsidiary of Adani Enterprises, while HASL is a subsidiary of ADSTL, jointly owned with Prime Aero Services LLP. The transaction values FSTC at an enterprise value of ₹820 crore.

Strategic Importance

Adani aims to build an integrated aviation-services platform that spans maintenance, repair and overhaul (MRO), advanced simulation, and pilot-training capabilities.

Securing a majority stake in FSTC aligns with this plan, giving the group deeper access to the fast-growing training segment.

FSTC is recognised as one of India’s leading independent pilot-training organisations, making the acquisition a critical enabler for Adani’s long-term aviation ambitions.

FSTC Scale of Operations

FSTC brings a strong operational base to the Adani portfolio, operating 11 full-flight simulators and 17 training aircraft that support a wide range of programmes, including type-rating courses, commercial pilot licence training, recurrent training, and specialised aviation modules. The company runs training centres in Gurugram and Hyderabad, along with flying schools in Bhiwani and Narnaul in Haryana. With certifications from both the DGCA and EASA, FSTC is equipped to serve the civil and defence aviation sectors, offering substantial growth potential.

Market Snapshot

On November 28, 2025, at 11:26 am, Adani Enterprises Limited’s share price was trading at ₹2,315, up 2.66% from the previous close of ₹2,255. The day’s trading range stood between ₹2,247.80 and ₹2,317.00. The company recorded a market capitalisation of ₹2,99,320.61 crore, with a traded value of ₹345.25 crore and a volume of 15.10 lakh shares.

REF: https://nsearchives.nseindia.com/corporate/nishant_joshi_adani_com_27112025181520_AELIntimation27112025Maverick.pdf

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