Punj Lloyd Sells 100% Stake in Spectra Punj Lloyd for ₹0.28/Share
Punj Lloyd Limited sold its entire 100% stake in Spectra Punj Lloyd Limited to Diversified India Growth Fund. The sale consideration is ₹0.28 per share. Spectra Punj Lloyd reported ₹15,000 crore in revenue for FY24-25. The transaction was completed on March 31, 2026.
The sale of a subsidiary can impact the overall structure and future earnings potential of the parent company. The financial contribution of the subsidiary is substantial.
The sale of a subsidiary is a significant corporate action but the financial details provided do not indicate a strong positive or negative financial impact on the parent company.
Punj Lloyd Limited has entered into a share purchase agreement (SPA) dated March 31, 2026, with Diversified India Growth Fund for the sale of its entire 100% shareholding in its subsidiary, Spectra Punj Lloyd Limited. The agreement was executed on March 31, 2026, with the completion of the sale also expected on the same date.
The total revenue contributed by Spectra Punj Lloyd Limited in the last financial year (FY24-25) was ₹15,000 crore. The consideration for the sale is ₹0.28 per share. Diversified India Growth Fund is an alternative investment scheme of Diversified India Growth Trust, registered as a Category II Alternative Investment Fund. The buyer is not related to the promoter, promoter group, or group companies of Punj Lloyd Limited, and the transaction does not fall within related party transactions.
This disclosure is made under Regulation 30 read with Part A, Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Punj Lloyd Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.