Acquisitions1 Mar 2026, 03:07 pm
Adani Enterprises Subsidiary to Acquire Defence Unit from Punj Lloyd Ltd.
AI Summary
Adani Defence Systems and Technologies Ltd (ADSTL), a wholly owned subsidiary of Adani Enterprises Ltd, has executed a Business Transfer Agreement (BTA) with Punj Lloyd Ltd (PLL) for the transfer of a Defence Unit of PLL situated at Malanpur, Madhya Pradesh. The transaction is a slump sale and ADSTL is a wholly owned subsidiary of the Company. No related party transactions are involved in this acquisition.
Key Highlights
- Adani Defence Systems and Technologies Ltd (ADSTL) to acquire a Defence Unit of Punj Lloyd Ltd (PLL) situated at Malanpur.
- The transaction is a slump sale.
- ADSTL is a wholly owned subsidiary of Adani Enterprises Ltd.
- No related party transactions are involved in this acquisition.