Adani Enterprises Share Price in Focus as Step Down Subsidiary Completes 100% Acquisition of Indamer Technics for ₹330 Crore

Adani Enterprises Limited informed exchanges on February 13, 2026, about the completion of acquisition of 100% stake in Indamer Technics Private Limited through its step-down subsidiary Horizon Aero Solutions Limited. The company had earlier executed a share purchase agreement on August 11, 2025. 

Adani Enterprises Completes 100% Stake Acquisition in Indamer Technics 

Horizon Aero Solutions Limited completed the acquisition of 100% shareholding in Indamer Technics Private Limited on February 13, 2026, at 7:51 p.m. With this, Indamer Technics has become a step-down subsidiary of Adani Enterprises Limited. 

The transaction was executed at an enterprise value of approximately ₹330 crore and was completed through cash consideration. The company stated that the transaction qualifies as a related party transaction and was conducted at arm’s length. 

About Indamer Technics Private Limited 

Indamer Technics Private Limited operates in the aerospace sector, focusing on maintenance, repair and overhaul of aircraft. The company runs a 30-acre facility located in the MIHAN SEZ in Nagpur and provides MRO services to Indian and global customers. 

For FY2024 to 25, the audited turnover stood at ₹138 crore. The company reported revenue of ₹42 crore in FY2022 to 23 and ₹76 crore in FY2023 to 24, indicating a sequential rise over 3 financial years. 

Purpose of the Acquisition 

According to the disclosure, the acquisition is aimed at expanding Adani Enterprises’ footprint in the aircraft services and MRO industry. No governmental or regulatory approvals were required for completion of the transaction. 

Read More: Adani Group’s Kutch Copper Projects ₹3,100 Crore EBITDA in FY27! 

Adani Enterprises Share Price Performance 

As of February 16, 2026, at 9:17 AM, Adani Enterprises share price on NSE was trading at ₹2,109.20 down by 1.28% from the previous closing price.  

Conclusion 

The completion of the ₹330 crore acquisition marks the formal integration of Indamer Technics into the Adani Enterprises group structure. The transaction adds an MRO focused entity with audited revenue of ₹138 crore in FY2024 to 25 to the company’s portfolio. 

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