Adani Defence completes acquisition of Punj Lloyd's Malanpur unit
pre-market1 source ↓written by the desknot a recommendation
Adani Defence Systems & Technologies Ltd has successfully completed the acquisition of Punj Lloyd's Malanpur defence unit in Madhya Pradesh. This follows a Business Transfer Agreement signed on 28 Feb 2026, with completion confirmed on 10 Mar 2026. This acquisition expands Adani's defence manufacturing footprint significantly.
The move is expected to enhance production capabilities and strengthen Adani's position in the defence sector, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.