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Adani To Buy Aviation and Defence Assets of Punj Lloyd
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Adani To Buy Aviation and Defence Assets of Punj Lloyd
Punj Lloyd, once a prominent engineering and defence player, has formally advanced the NCLT-backed sale of its defence and aviation assets to the Adani Group, marking a decisive step in its insolvency resolution. Key Developments Defence Unit Transfer: Adani Defence Systems & Technologies Ltd (ADSTL), a wholly owned subsidiary of Adani Enterprises, signed a Business Transfer Agreement on 28 February 2026 to acquire Punj Lloyd’s Malanpur Defence…
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