The company informed exchanges that the stake purchase was carried out by an arm of Adani Enterprises, taking its total holding in Air Works India to nearly full ownership. The acquisition involved the purchase of an additional 14.2% stake in the company.
Following the transaction, the Adani Enterprises arm now holds 99.98% of the equity share capital of Air Works India. The move further consolidates the group’s ownership in the aviation maintenance, repair and overhaul company.
Air Works India operates in the aviation services space and the transaction marks a further increase in the Adani Group’s presence in the sector through its flagship listed entity.
The acquisition of the additional stake was disclosed through a regulatory filing to the stock exchanges. With the latest purchase, the Adani Enterprises subsidiary has effectively taken near-total control of Air Works India with a 99.98% holding.
The transaction involved acquiring 14.2% equity in the company, increasing the subsidiary’s shareholding from the earlier level to the current 99.98%. The development represents a further step in consolidating the ownership structure of Air Works India under the Adani Enterprises group.
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Adani Enterprises shares ended lower on Wednesday, closing at ₹1,974.70 on the NSE, down 1.09%.
