Adani Defense and Aerospace (Adani Defense and Aerospace), Indamer Technics Private Limited (ITPL) will buy 100 percent stake. This will be done through Horizon Aero Solutions Limited. Horizon is a joint venture with a 50:50 partnership of Aero Solutions, Adani Defense and Prime Aero. Inderamer provides technics, aircraft maintenance, repair and overhall (MRO) services. A definitive agreement has been signed for the purchase of stake.
Adi Group’s flagship company Adani Enterprises has informed the stock markets about this deal. The ITPL in Nagpur’s Mihan Special Economic Zone operates a state -of -the -art Greenfield facility spread over 30 acres. The company offers a variety of services including lease returns, heavy C-check, structural repair and aircraft painting.
How to benefit Adani Defense from deal
With this deal, Adani Defense and Aerospace aims to take advantage of coordination between ITPL and Aviation company Air Works. This will provide integrated solutions for both commercial and defense aviation sectors. Adai Airport Director Jeet Adani says that the deal has taken place at a time when India’s aviation industry is moving towards rapid development and domestic fleets are expected to include more than 1500 new aircraft in the coming years.
Adani enterprises Share climbed 5 percent
Adaani Enterprises shares closed at Rs 2283.30 on Monday, August 11, with a gain of about 5% on BSE. The company’s market cap is more than Rs 2.63 lakh crore. By the end of June 2025, the promoters had 73.97 percent stake in the company. The stock came down 28 percent in a year and 11 percent in a month. The face value of the stock is Rs 1.
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