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.

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,

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 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.

Adani Group announced the acquisition of Air Works, India's largest private sector MRO company, for an enterprise value of Rs 400 crore.

With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.

Adani Defence has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works. Ashish Rajvanshi, CEO, Adani Defence & Aerospace, said, “This landmark acquisition represents a pivotal step in Adani Defence & Aerospace’s mission to strengthen India’s MRO capabilities.

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.

The Adani Group, that operates airports in seven cities, including Mumbai and is building a greenfield one at Navi Mumbai, is expanding its presence in the aviation space. It is acquiring India's biggest private sector MRO (maintenance,