In terms of Regulation 30 of Securities and Exchange Board of India Regulations, 2015 (LODR) read with Schedule III of LODR, as amended and in furtherance of our letter(s) dated October ....
Awaiting price reaction for this filing.
Adani Infra (India) Limited has completed the acquisition of Punj Lloyd Ltd on a going concern basis under the IBC liquidation process. The total sale consideration of INR 281.10 crores has been paid by Adani Infra in line with the NCLT order dated February 12, 2026. Adani Infra has also executed undertakings to assume liabilities on certain bank guarantees (10% of disputed and 25% of ongoing project bank guarantees). The Liquidator has executed the Sale Certificate on March 10, 2026, marking the official transfer date.
Punj Lloyd has formally changed hands to Adani Infra, bringing closure to the long-drawn insolvency process. Existing equity shareholders are likely to receive little to no value as this was a liquidation-driven sale rather than a premium acquisition, and the stock may face delisting or suspension going forward.