Adani Enterprises rises as its arm inks definitive agreements to acquire Air Works

Adani Enterprises is currently trading at Rs. 3300.05, up by 15.05 points or 0.46% from its previous closing of Rs. 3285.00 on the BSE.

Adani Enterprises
Adani Enterprises

The scrip opened at Rs. 3313.95 and has touched a high and low of Rs. 3313.95 and Rs. 3258.05 respectively. So far 23328 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3883.70 on 20-Sep-2022 and a 52 week low of Rs. 1344.60 on 28-Oct-2021.

Last one week high and low of the scrip stood at Rs. 3313.95 and Rs. 3138.00 respectively. The current market cap of the company is Rs. 376673.47 crore.

The promoters holding in the company stood at 72.28%, while Institutions and Non-Institutions held 21.51% and 6.22% respectively.

Adani Enterprises’ arm — Adani Defence Systems & Technologies (ADSTL) has signed definitive agreements to acquire Air Works, India’s biggest and highly diversified independent MRO with the largest pan-India network presence across 27 cities.

Air Works has developed extensive operational capabilities within the country for key defence and aerospace platforms. From the first P-8I aircraft Phase 32 checks to Phase 48 checks and MRO on the landing gear of the Indian Air Force’s 737 VVIP aircraft, Air Works undertakes base maintenance for ATR 42/72, A320 and B737 fleet of aircraft from its EASA and DGCA-certified facilities at Mumbai, Delhi, Hosur and Kochi.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

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