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An update from Punj Lloyd Ltd. ( (IN:PUNJLLOYD) ) is now available.
Punj Lloyd Ltd has signed a share purchase agreement to sell its entire 100% stake in subsidiary Sembawang Infrastructure (India) Pvt Ltd to Diversified India Growth Fund, an alternative investment fund registered with SEBI. The deal, executed and expected to complete on March 31, 2026, is for a token consideration of INR 0.01 per share, with the subsidiary having recorded no revenue in FY2024-25.
The transaction is not a related-party deal and falls outside any scheme of arrangement, indicating a clean exit structure as the company navigates corporate insolvency proceedings. While the disposal does not significantly affect current revenues, it underscores Punj Lloyd’s ongoing effort to streamline its portfolio and potentially unlock value or reduce complexity for stakeholders during the resolution process.
More about Punj Lloyd Ltd.
Punj Lloyd Ltd is an Indian engineering and construction company operating in the infrastructure and energy sectors. The group executes large-scale projects through subsidiaries, including specialised infrastructure arms such as Sembawang Infrastructure (India) Pvt Ltd, and is currently undergoing a corporate insolvency resolution process.
Current Market Cap: 748.4M INR
For an in-depth examination of PUNJLLOYD stock, go to TipRanks’ Overview page.