Punj Lloyd Sale Completed: Adani Infra Pays ₹281.10 Cr, Transfer Date March 10, 2026
Adani Infra (India) Limited has acquired Punj Lloyd Limited for ₹281.10 crore. The NCLT approved the acquisition plan on February 12, 2026. The sale certificate was executed on March 10, 2026, with the transfer date set for March 10, 2026. Adani Infra has assumed liabilities for bank guarantees.
The acquisition by a major entity like Adani Infra and the payment of a significant sale consideration represent a material event for Punj Lloyd Limited, impacting its future operations and ownership structure.
The completion of the acquisition and the payment of the sale consideration signify a positive resolution for the company, marking the end of the insolvency resolution process.
Punj Lloyd Limited has announced the completion of its acquisition by Adani Infra (India) Limited, the successful bidder, for a total sale consideration of ₹281.10 crore. This follows the National Company Law Tribunal's (NCLT) approval of the acquisition plan on February 12, 2026. The successful bidder has fulfilled payment obligations as per the letter of demand dated October 23, 2025, and the asset sale process memorandum for the 14th round of e-auction. Adani Infra has also executed undertakings to assume liabilities related to bank guarantees. Consequently, the Liquidator executed the sale certificate on March 10, 2026, marking March 10, 2026, as the 'Transfer Date' for the company's acquisition on a going concern basis.
What to do with a filing like this
Punj Lloyd Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Punj Lloyd Limited. Read the original for the full detail.