Adani Defence Acquires Punj Lloyd’s Malanpur Defence Unit | Adani Enterprises
New Delhi: Adani Enterprises Limited has announced that its wholly-owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL), has executed a Business Transfer Agreement (BTA) with Punj Lloyd Ltd for the acquisition of the company’s Defence Unit at Malanpur, Madhya Pradesh through a slump sale.
The agreement was executed on 28 February 2026, and the information was officially communicated to the stock exchanges on 1 March 2026.
Key Details of the Acquisition
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Acquirer: ADSTL (wholly-owned subsidiary of Adani Enterprises Limited)
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Seller: Punj Lloyd Ltd.
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Location of Defence Unit: Malanpur, Madhya Pradesh
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Type of Transaction: Slump Sale
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Shareholding in Seller: None
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Related Party Status: Not applicable; transaction at arm’s length
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Special Rights/Board Nominees: Not applicable
This strategic acquisition enables ADSTL to expand its defence manufacturing capabilities and strengthens Adani Enterprises’ position in the Indian defence sector.
About Adani Defence Systems & Technologies Ltd
ADSTL, a subsidiary of Adani Enterprises Limited, focuses on defence technology and systems integration, supporting India’s strategic and security infrastructure. The acquisition of the Malanpur Defence Unit aligns with ADSTL’s goal of enhancing domestic defence production capabilities.