Punj Lloyd Ltd to Sell 84.6% Stake in Punj Lloyd Aviation Ltd to Diversified India Growth Fund

Punj Lloyd Ltd has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 84.6% of the shareholding in Punj Lloyd Aviation Ltd. The agreement was executed on March 31, 2026, and the expected completion date is also on the same day. The consideration received from the sale is INR 0.0019 per share. Diversified India Growth Fund is an alternative investment scheme of Diversified India Growth Trust and is registered as a Category II Alternative Investment Fund with the Securities and Exchange Board of India. The sale is not a related party transaction and is not part of a scheme of arrangement.