The Adani Group-owned Horizon Aero Solutions Ltd, which is a step-down subsidiary of Adani Enterprises Ltd, has acquired 100% shareholding in ITPL through a share purchase agreement, according to a stock exchange filing made late Friday.
The new aircraft services vertical will cater to both civil and defense aviation, according to Adani Airport Holdings’ Director Jeet Adani.
Horizon Aero Solutions Ltd is a 50-50 joint venture between Adani Defence and Prime Aero, a company owned by Prajay Patel, who also serves as the director of Indamer Technics Pvt Ltd.
