arm, Adani Defence Systems and Technologies Ltd (ADSTL), has executed a business transfer agreement with Punj Lloyd Ltd for the acquisition of its defence unit located in Malanpur, Madhya Pradesh. The agreement involves the transfer of Punj Lloyd’s Malanpur-based defence manufacturing facility to ADSTL through a slump sale. ADSTL is a wholly owned subsidiary of Adani Enterprises. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.