NewsAdani Defence completes full acquisition of Flight Simulation Solutions for vertical integrationAdani Defence completes full acquisition of Flight Simulation Solutions for vertical integration
Adani Defence Systems & Technologies Limited (ADSTL), a subsidiary of Adani Enterprises, has acquired the remaining 44.6% stake in Flight Simulation Solutions Private Limited (FSSPL). Completed on August 4, 2026, following an SPA executed on July 16, 2026, the transaction makes FSSPL and its subsidiary Flight Simulation Technique Centre Private Limited wholly owned subsidiaries of ADSTL.
*this image is generated using AI for illustrative purposes only.
Adani Enterprises subsidiary Adani Defence Systems & Technologies Limited (ADSTL) has completed the acquisition of the remaining 44.6% stake in Flight Simulation Solutions Private Limited (FSSPL). Finalised on August 4, 2026, this transaction consolidates FSSPL and its subsidiary, Flight Simulation Technique Centre Private Limited (FSTC), as wholly owned entities under the Adani Defence umbrella. The move strengthens the group's vertical integration in defence technology and simulation capabilities, allowing for streamlined decision-making and resource allocation.
The acquisition follows the execution of a share purchase agreement (SPA) between ADSTL, FSSPL, and existing shareholders of FSSPL. Prior to this final step, ADSTL held a 55.40% stake in FSSPL. The company informed the stock exchanges of the SPA execution on July 16, 2026. The intimation regarding the completion of the acquisition was received by Adani Enterprises on August 4, 2026, at 11:37 AM IST.
Transaction Details
The acquisition was carried out in accordance with the terms outlined in the earlier SPA. With the transfer of the remaining 44.6% equity interest, ADSTL now holds 100% ownership of FSSPL. Consequently, FSSPL's subsidiary, Flight Simulation Technique Centre Private Limited, also becomes a wholly owned subsidiary of ADSTL through its parent company. The following table summarises the ownership structure before and after the transaction:
| Entity: | Previous Stake Held by ADSTL | New Stake Held by ADSTL | Status Post-Acquisition |
|---|---|---|---|
| Flight Simulation Solutions Private Limited | 55.40% | 100% | Wholly Owned Subsidiary |
| Flight Simulation Technique Centre Private Limited | Indirect via FSSPL | Indirect via FSSPL | Wholly Owned Subsidiary |
Regulatory Compliance
The details of the acquisition were furnished pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations. Additionally, the disclosure complied with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Jatin Jalundhwala, Company Secretary & Joint President (Legal) at Adani Enterprises Limited, signed the intimation letter addressed to BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Adani Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | +3.65% | +2.83% | +39.45% | +39.39% | +117.57% |
How will the full consolidation of FSSPL impact Adani Defence's revenue recognition and profit margins in the upcoming fiscal quarters?
What specific new flight simulation products or services is Adani Defence planning to launch leveraging its now 100% control over FSSPL's technology?
Does this acquisition signal Adani's intent to bid for larger government defence simulation contracts that previously required wholly owned entities?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
