Adani Enterprises trades marginally higher as its arm acquires additional 14.2% stake in Air Works
Adani Enterprises is currently trading at Rs. 1979.65, up by 4.35 points or 0.22% from its previous closing of Rs. 1975.30 on the BSE.
The scrip opened at Rs. 1967.95 and has touched a high and low of Rs. 1981.30 and Rs. 1946.85 respectively. So far 23590 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,611.46 on 23-Sep-2025 and a 52 week low of Rs. 1850.00 on 23-Jan-2026.
Last one week high and low of the scrip stood at Rs. 2089.70 and Rs. 1941.50 respectively. The current market cap of the company is Rs. 252693.56 crore.
The promoters holding in the company stood at 73.97%, while Institutions and Non-Institutions held 18.37% and 7.66% respectively.
Adani Enterprises’ wholly owned subsidiary -- Adani Defence Systems & Technologies (ADSTL) has completed the acquisition of 14.2% effective shareholding in Air Works India (Engineering) (Air Works) in accordance with the terms of the Share Purchase Agreement (SPA). ADSTL already holds 85.76% in Air Works and this acquisition has increased the stake of ADSTL in Air Works to 99.98%.
The objective is to expand company’s footprint in the Aircraft Services & MRO industry. The cost of acquisition is at an enterprise value of Rs 400 crore.
Earlier, ADSTL had executed SPA with Punj Lloyd Aviation (PLAL) for acquisition of 14.2% effective shareholding in Air Works.
