According to reports from CNBC TV18 and the latest regulatory filing to the National Stock Exchange of India, Adani Enterprises has completed a significant strategic acquisition in the defence sector. The company's wholly owned subsidiary, Adani Defence Systems & Technologies Ltd. (ADSTL), has signed a share purchase agreement to acquire the remaining 44.6% stake in Flight Simulation Solutions Pvt. Ltd. (FSSPL) from existing shareholders. ADSTL currently holds a 55.4% stake in FSSPL, and upon completion of the transaction, its holding will increase to 100%, making FSSPL a wholly owned subsidiary of ADSTL. This acquisition will also boost ADSTL's control over Flight Simulation Technique Centre Private Limited (FSTC), a subsidiary of FSSPL, with ADSTL's current effective shareholding in FSTC escalating from 72.80% to complete ownership.
As reported by CNBC TV18, the company received information regarding the transaction on July 16, 2026, at 12:28 p.m. and disclosed the development under SEBI's listing regulations. According to the latest regulatory filing, the entire acquisition process is anticipated to be finalised within two months, with a cash consideration as the method of transaction. The enterprise value for FSTC is determined at ₹820 crore. This acquisition strengthens Adani Enterprises' position in the flight training and simulation business through its defence subsidiary, expanding its capabilities in the defence technology sector.
According to CNBC TV18, earlier on July 7, the firm had informed exchanges that it successfully completed its ₹15,000 crore Qualified Institutional Placement (QIP). The company's board approved the allotment of 5.20 crore equity shares with a face value of ₹1 each to eligible qualified institutional buyers. The issue price was fixed at ₹2,883 per share, representing a discount of nearly 5% to Tuesday's closing price.
As per the latest regulatory filing, FSSPL, engaged in providing integrated flight training services for airline pilots, reported a consolidated revenue of ₹235 crore for fiscal year 2025-26. The company has demonstrated consistent financial performance over recent years, with revenues of ₹215 crore in FY 2023-24, ₹240 crore in FY 2024-25, and ₹235 crore in FY 2025-26. FSTC, a subsidiary of FSSPL, is recognised as a Directorate General of Civil Aviation and European Union Aviation Safety Agency approved pilot training organisation, providing integrated flight training to pilots.
According to CNBC TV18, shares of Adani Enterprises Ltd. ended 0.15% lower at ₹3,146 on the NSE on Thursday, July 16, slipping ₹4.60 during the session. The market reaction reflects investor response to the company's strategic acquisition and recent financial performance, with the stock showing modest decline despite the positive business development. This acquisition underlines Adani Enterprises Limited's strategic intent to strengthen its role in the aerospace and flight training sector, opening new avenues for growth and development within the aviation segment.
