By Admin 
Adani Enterprises Defense Acquisition: Adani Enterprises has taken an important step towards strengthening its hold in the defense sector. On last Friday’s trading day, Horizon Aero Solutions, a subsidiary of Adani Enterprises, has purchased 100 percent shares of Indamer Techniques Private Limited.
With this acquisition, Indamer Technologies has now completely become a part of Adani Group. It is expected that after this news the interest of investors in the shares of Adani Enterprises may increase. Let us know about this mega deal…..
Adani’s portfolio strengthened with deal worth Rs 330 crore
The value of this deal between Horizon Aero Solutions and Indamer Techniques Private Limited is said to be around Rs 330 crore. Adani Enterprises has given information related to this deal to the stock exchange on 13 February. According to the deal, 100 percent shares of the company have been purchased. Due to which the entire stake of the company has gone to Adani Enterprises.
What does the company do?
Indamer Techniques Private Limited is a well-known company in the country providing maintenance and technical services in defense aviation. The company was established in 2016 and it deals with servicing, maintenance and repair of aircraft.
The company’s state-of-the-art facility is spread over about 30 acres (approximately 1.2 lakh square meters) in the MIHAN SEZ area of Nagpur. This greenfield project has 10 hangars and has the capacity to work on 15 aircraft bays at a time.
Company’s condition in stock market
There was a decline in the shares of Adani Enterprises on BSE on Friday, 13 February. The company shares slipped 3.18 percent or Rs 70.35 and ended the day trading at Rs 2141.35.
The intraday high of the day was Rs 2206.30. The 52 week high level of shares is Rs 2611.46 and the 52 week low level is Rs 1850. After the news of this deal, there may be movement in the company’s shares on Monday’s trading day.
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