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Adani Defence to Acquire Indamer
Financial Express Kochi
|August 12, 2025
ADANI DEFENCE SYSTEMS and Technologies (ADSTL), in partnership with Prime Aero Services, has signed a definitive agreement to acquire a 100% stake in Indamer Technics (ITPL), a maintenance repair and overhaul (MRO) provider, according to a statement.
The investment will be made through Horizon Aero Solutions, which is a 50-50 partnership between ADSTL and Prime Aero, a company owned by Prajay Patel, the director of Indamer Technics. The involved entities, however, did not disclose the acquisition price.
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