Adani Enterprises Ltd

Adani Defence Boosts Stake in Air Works to 99.98% 🚀

- Adani Defence Systems & Technologies Ltd (ADSTL) signed a Share Purchase Agreement with Punj Lloyd Aviation Ltd on March 1, 2026.

- ADSTL acquired a 14.2% stake in Air Works India (Engineering) Private Ltd.

- Post-acquisition, ADSTL's stake in Air Works increased from 85.76% to 99.98%.

- The transaction was conducted at arm's length and is not a related party transaction.

- No special rights beyond the share acquisition were detailed.