Adani Enterprises shares gained more than 2% in early trade today. As of 10:04 AM, the stock was up 2.04% at ₹2,301.00 after the company revealed a major development in its defence and aviation portfolio.
The company announced that its wholly-owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL), along with Prime Aero Services LLP, has signed definitive agreements to acquire a 72.8% stake in Flight Simulation Technique Centre Private Ltd (FSTC). The deal values FSTC at an enterprise value of ₹820 crore. The agreements were executed on November 27, 2025, and the acquisition has been structured through ADSTL and its step-down subsidiary, Horizon Aero Solutions Limited (HASL). The transaction does not fall under related-party criteria.
FSTC is India’s largest independent flight training and simulation company, operating 11 full-flight simulators and 17 training aircraft. It offers a complete suite of training programs, including commercial pilot licences, type ratings, recurrent training and specialised skill courses. The company is certified by both the Directorate General of Civil Aviation (DGCA) and the European Union Aviation Safety Agency (EASA). Its operations include major simulation centres in Gurugram and Hyderabad, along with one of India’s biggest flying schools located in Bhiwani and Narnaul, Haryana.
With India projected to need nearly 20,000 new pilots over the next decade, this acquisition strengthens Adani Defence’s long-term plan to build an integrated aviation and defence services ecosystem.
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