Adani Enterprises Limited (ADANIENT) announced that its wholly-owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL), has executed a Business Transfer Agreement (BTA) on February 28, 2026, with Punj Lloyd Ltd (PLL). This agreement pertains to the acquisition by ADSTL of a Defence Unit of PLL located in Malanpur, Madhya Pradesh, through a slump sale. The company received information regarding this transaction on March 1, 2026. ADSTL is a wholly-owned subsidiary of Adani Enterprises. The transaction does not involve any shareholding in PLL by ADSTL and is not considered a related party transaction as per the company's disclosure.
