ADSTL currently holds a 55.4% stake in FSSPL. Upon completion of the transaction, its holding will increase to 100%, making FSSPL a wholly owned subsidiary of ADSTL.
The acquisition will also increase ADSTL’s effective stake in Flight Simulation Technique Centre Pvt. Ltd. (FSTC), a subsidiary of FSSPL, from 72.8% to 100%, making it a wholly owned subsidiary as well.
The company said it received information regarding the transaction on July 16, 2026, at 12:28 p.m. and disclosed the development under SEBI’s listing regulations.
Earlier on July 7, the firm had informed the exchanges that it has successfully completed its ₹15,000 crore Qualified Institutional Placement (QIP).
The company’s board approved the allotment of 5.20 crore equity shares with a face value of ₹1 each to eligible qualified institutional buyers.
The issue price was fixed at ₹2,883 per share, representing a discount of nearly 5% to Tuesday’s closing price.
The firm had reported a net loss of ₹220.7 crore for the fourth quarter, compared with a profit of ₹3,844.9 crore in the year-ago period, even as revenue rose 20.3% year-on-year.
Revenue for the quarter stood at ₹32,439.3 crore, up from ₹26,965.9 crore in the corresponding period last year. EBITDA rose 0.6% to ₹3,731 crore in the quarter, compared with ₹3,710 crore a year earlier. EBITDA margin narrowed to 11.5% from 13.8% in the year-ago quarter.
Shares of Adani Enterprises Ltd. ended 0.15% lower at ₹3,146 on the NSE on Thursday, July 16, slipping ₹4.60 during the session
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