Adani Defence Systems, a wholly-owned arm of Adani Enterprises, has acquired Alpha Design Technologies (ADTL) for Rs 400 crore, according to regulatory filing.

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"Adani Defence Systems and Technologies Ltd...has acquired stake in Alpha Design Technologies," Adani Enterprises said in a BSE filing.

Alpha Design Technologies provides Adani tier-I capability in defence and aerospace.

Commenting on the cost of acquisition, the company said it was for "Rs 400 crore", and acquired "1,33,16,909 equity shares of Rs 10 each at a premium of Rs 290.37 per share".

Alpha Design specialises in design, development and production of defence electronics and avionics equipment.

 

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