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News Topical, Digital Desk : Adani Group company Adani Enterprises informed after the stock market closed on Monday that it has acquired 100% stake in Indamer Technics through its subsidiary Horizon Aero Solutions. The company said that its step-down subsidiary Horizon Aero Solutions (HASL) has signed a Share Purchase Agreement (SPA) with Indamer Technics (ITPL) and its existing shareholders on August 11, 2025, under which it will acquire 100% stake in ITPL. ITPL is engaged in the business of aircraft maintenance, repair and overhaul (MRO).
In the information given to the exchange, the company said that Adani Defense Systems and Technologies Limited (ADSTL) through its venture Horizon Aero Solutions Limited, along with Prime Aero Services, has signed an agreement to acquire 100 per cent stake in Indamar Techniques (ITPL). Horizon is a 50-50 partnership between ADSTL and Prime Aero. Prime Aero owner Prajay Patel is also the director of Indamar Techniques.
Share performance On Monday, the stock of the Adani Group company closed at Rs 2,270.20 with a gain of 4.23 per cent. In the last one year, the company's stock has fallen 27.97 per cent.
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