Adani Defence Systems and Technologies Limited (ADSTL), along with Horizon Aero Solutions Limited (HASL), has completed the acquisition of a 39% effective shareholding in Flight Simulation Technique Centre Pvt. Ltd. (FSTC) as of December 30, 2025. The acquisition aims to expand ADSTL’s and HASL’s footprint in the Aviation Services industry.
Acquisition of FSTC Stake Completed
Adani Defence Systems and Technologies Limited (ADSTL) and Horizon Aero Solutions Limited (HASL) have successfully completed the acquisition of a 39% stake in Flight Simulation Technique Centre Pvt. Ltd. (FSTC). The deal was finalized on December 30, 2025, marking a significant move in expanding Adani’s presence in the aviation sector.
Details of the Transaction
ADSTL, a wholly-owned subsidiary of Adani Enterprises, partnered with HASL (where ADSTL holds 50% and Prime Aero Services LLP holds 50%) to acquire the effective shareholding in FSTC.
Strategic Rationale
The acquisition’s objective is to expand ADSTL’s and HASL’s footprint in the aviation services industry, specifically in the area of flight simulation and training. The deal is valued at an enterprise value of INR 820 Crore.
FSTC Overview
Flight Simulation Technique Centre (FSTC), established in 2011, is a pilot training organization approved by the Directorate General of Civil Aviation (DGCA) and the European Union Aviation Safety Agency (EASA). It offers integrated flight training to pilots and operates 11 flight simulators and a fleet of 17 training aircraft.
FSTC Financial Performance
FSTC’s audited revenue for the past three fiscal years is as follows:
* FY 22-23: INR 165 Crore
* FY 23-24: INR 184 Crore
* FY 24-25: INR 195 Crore
Future Plans
The indicative time period for completing the acquisition of the remaining 33.8% stake in FSTC is January 2026.
Source: BSE
