Adani Enterprises shares in focus on Rs 400 crore acquisition of Air Works India

Adani Enterprises shares are likely to attract attention today as its subsidiary, Adani Defence Systems and Technologies (ADSTL), has acquired an 85.8% stake in Air Works India (AWIEPL) for Rs 400 crore. The company announced that ADSTL signed a Share Purchase Agreement (SPA) on December 23, 2024, with AWIEPL and its existing shareholders to acquire the majority stake.