Punj Lloyd acquisition by Adani Infra completed
Punj Lloyd completed its ₹281.10 cr acquisition by Adani Infra on 10 Mar 2026 after NCLT approval. The going-concern transfer concluded the company’s IBC liquidation process, with future operating disclosures remaining the next material trigger.
pre-market1 source ↓machine-written, see hownot a recommendation
- ADANIGREEN close
- ₹1,299
- On the day
- -0.64%
- Futures OI, long unwinding
- -0.9%
- Put-call ratio
- 0.88
- Max pain
- ₹1,300
Punj Lloyd Limited’s acquisition by Adani Infra (India) Limited was completed for ₹281.10 cr, concluding the company’s liquidation process under the Insolvency and Bankruptcy Code, 2016. The transaction was completed on 10 Mar 2026 through execution of the sale certificate by the liquidator, on a going-concern basis. ⚖️
The National Company Law Tribunal’s Principal Bench in New Delhi approved the acquisition plan on 12 Feb 2026. The approval order disposed of the application filed by Adani Infra, allowing the transaction to proceed through the final sale certificate. The completion formally transfers the business under the approved resolution framework, although the excerpt does not provide details on operating assets, liabilities assumed, employee continuity or the post-acquisition business plan.
For the infrastructure sector 🏗️, the transaction highlights the use of insolvency proceedings to transfer distressed engineering and construction assets to a new owner. The ₹281.10 cr consideration provides a disclosed reference point for the transaction, but no revenue, order-book or profitability figures were provided, so the immediate operating impact cannot be quantified from the announcement.
Separately, OI Charts data for Adani Green on 30 Oct 2026 showed a close of ₹1,299, down 0.6% for the session, with volume of 12.27 lakh shares. The stock was up 3.2% over five sessions and 5.2% over 20 sessions, while remaining below its 52-week high of ₹1,632 recorded on 14 Jul 2026. Its futures showed long unwinding, with open interest down 0.9% and a 0.02% premium; the put-call ratio was 0.88 and max pain stood at ₹1,300 for the 23 Nov 2026 expiry. These figures relate to a separate listed Adani group company and do not measure the acquired business directly.
The next items to watch are the first operating disclosures from the acquired business, any filings describing assets and liabilities transferred, and updates on how the new owner plans to restart or reorganise operations. Market participants should also distinguish the completed legal transfer from evidence of future earnings contribution.
Source: scanx.trade, 01 Nov 2026
Not investment advice. For informational purposes only.