Acquisitions11 Mar 2026, 07:01 pm
Adani Enterprises Completes Acquisition of Defence Unit from Punj Lloyd
AI Summary
Adani Enterprises Ltd has completed the acquisition of a Defence Unit from Punj Lloyd Ltd. The transaction was executed through Adani Defence Systems & Technologies Ltd, a wholly owned subsidiary of Adani Enterprises. The Defence unit, located at Malanpur, Madhya Pradesh, was transferred on March 10, 2026, in accordance with the terms of the Business Transfer Agreement (BTA) executed on February 28, 2026. The intimation of the completion was received by the Company at 11.34 PM IST on the same day.
Key Highlights
- Adani Enterprises Ltd has completed the acquisition of a Defence Unit from Punj Lloyd Ltd.
- The transaction was executed through Adani Defence Systems & Technologies Ltd, a wholly owned subsidiary of Adani Enterprises.
- The Defence unit, located at Malanpur, Madhya Pradesh, was transferred on March 10, 2026.
- The transaction was carried out in accordance with the terms of the Business Transfer Agreement (BTA) executed on February 28, 2026.
- The intimation of the completion was received by the Company at 11.34 PM IST on March 10, 2026.