Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : In furtherance to our intimation dated February 13, 2026, we wish to inform you that the Company has entered into a share purchase agreement dated March 31, 2026 with Diversified India Growth Fund for the sale of 99.99 % of the shareholding in Atna Investments Ltd. (detailed intimation letter attached)
Awaiting price reaction for this filing.
Punj Lloyd Limited has entered into a Share Purchase Agreement dated March 31, 2026 with Diversified India Growth Fund (a Category II AIF registered with SEBI) for the sale of 99.99% of its shareholding in Atna Investments Limited. The transaction follows an earlier intimation regarding the company's Corporate Insolvency Resolution Process (CIRP). The consideration is INR 15.61 per share. Atna Investments Limited contributed INR 5,63,000 in total revenue in FY 2024-25. The buyer is not a related party and the transaction is not classified as a related party transaction.
This asset sale is likely part of the company's ongoing insolvency resolution process, aimed at monetising subsidiaries to pay off creditors. The disposal of a small subsidiary is unlikely to have a significant impact on the company's financials given Atna's modest revenue contribution.