Acquisitions10 Mar 2026, 10:51 pm
Adani Infra Completes Acquisition of Punj Lloyd's Defence Unit and Shares in Air Works India
AI Summary
Adani Infra (India) Limited (AIIL) has completed the acquisition of Punj Lloyd Limited’s Defence Unit as per the Business Transfer Agreement (BTA) and Punj Lloyd Aviation Limited's shares in Air Works India (Engineering) Private Limited as per the Share Purchase Agreement (SPA). The Closing Date for both transactions occurred on the same day. The Defence Unit of Punj Lloyd Limited now stands transferred to Adani Defence Systems and Technologies Limited (ADSTL) and the shares of Air Works India (Engineering) Private Limited held by Punj Lloyd Aviation Limited are being processed for transfer to ADSTL.
Key Highlights
- Adani Infra (India) Limited has completed the acquisition of Punj Lloyd Limited’s Defence Unit and Punj Lloyd Aviation Limited's shares in Air Works India (Engineering) Private Limited.
- The acquisition was carried out as per the Business Transfer Agreement (BTA) and Share Purchase Agreement (SPA) respectively.
- The Defence Unit of Punj Lloyd Limited has been transferred to Adani Defence Systems and Technologies Limited (ADSTL).
- The shares of Air Works India (Engineering) Private Limited held by Punj Lloyd Aviation Limited are being processed for transfer to ADSTL.
- The Closing Date for both transactions occurred on the same day.