Adani Enterprises Completes Punj Lloyd Defence Unit Acquisition In Madhya Pradesh

Adani Enterprises Limited has completed the acquisition of the defence unit of Punj Lloyd Ltd, the company said in a regulatory filing . According to the filing, Adani Defence Systems & Technologies Ltd, a wholly owned subsidiary of Adani Enterprises Limited, executed the transaction. The acquired defence manufacturing facility is located in Malanpur, Madhya Pradesh, as per the corporate intimation.
The transaction follows a business transfer agreement executed between Adani Defence Systems & Technologies Ltdand Punj Lloyd Ltd on February 28, under which the former completed the acquisition of the Malanpur defence manufacturing unit on Tuesday.