ADANIENT

**Acquisition, Block Deal & Rating Upgrade** **

:** Adani Defence Systems & Technologies completed the **100% acquisition of Flight Simulation Solutions Pvt. Ltd.** to strengthen its defence simulation capabilities. **Impact:** **Positive;** enhances the company's defence technology portfolio and expands its indigenous defence capabilities. ** :** **Adani Infra (India)** acquired **12.48 crore shares** at **₹210.50** per share, while **Ardour Investment Holding** sold an equal number of shares at the same price. **Impact:** **Neutral;** an inter-investor block deal with no immediate impact on the company's fundamentals. ** :** **India Ratings** assigned a **BB+/Positive/A4+** rating to the company's **₹4,221.39 crore** bank facilities and revised the outlook to **Positive**. **Impact:** **Positive;** the improved outlook may enhance financing flexibility and reflects improving credit quality.