Adani group acquires 85% stake in MRO firm Air Works for ₹400 crore

Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1 per cent stake in Air Works India (Engineering) Pvt. Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), the ports-to-mining conglomerate announced in a stock exchange filing.

The transaction was valued at ₹400 crore for the 85.1 per cent equity in AWIEPL. It is an all cash deal, and no equity has been exchanged. The acquisition was initially announced on 23 December 2024.

The acquisition is part of Adani Group’s plans to expand in the aircraft services and maintenance, repair, and overhaul (MRO) segment.