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Adani Enterprises - Acquisition of 51% stake of PLR Systems Private Limited

Adani Land Defence Systems and Technologies Limited - a step down subsidiary of the Company has acqu

Adani Land Defence Systems and Technologies Limited - a step down subsidiary of the Company has acquired 51% Equity Shares of PLR Systems Private Limited from Fouraces Systems India Private Limited on 10th September, 2020.

Through the acquisition of a majority stake in PLR, Adani and IWI (existing shareholder in PLR) shall be able to manufactured defence equipment to the 1.2million Army personnel and an equal number of para-military forces and state police forces and shall help achieve self-reliance aligned to the Make in India and Atma-Nirbhar Bharat initiative.

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