Punj Lloyd Announces Sale of Sembawang Infrastructure (India) Private Limited
Punj Lloyd Ltd. announced on April 1, 2026, that it has entered into a share purchase agreement with Diversified India Growth Fund for the sale of 100% of its shareholding in Sembawang Infrastructure (India) Private Limited. The agreement was finalized on March 31, 2026, with the transaction also expected to be completed on March 31, 2026.Diversified India Growth Fund is an alternative investment scheme of Diversified India Growth Trust and is registered as a Category II Alternative Investment Fund. Dickey Asset Management Private Limited acts as the Investment Manager. None of the buyers are affiliated with Punj Lloyd's promoters, promoter group, or group companies.
The consideration for the sale is INR 0.01 per share.
Sembawang Infrastructure (India) Private Limited did not generate revenue in the fiscal year 2024-2025. The transaction does not constitute a related party transaction and does not fall outside the Scheme of Arrangement.
Table: Key Details of the Agreement
| Detail | Information |
|---|---|
| Date of Agreement | March 31, 2026 |
| Completion Date | March 31, 2026 |
| Consideration per Share | INR 0.01 |
| Buyer Affiliation | Not affiliated with Punj Lloyd’s promoters, promoter group, or group companies |
Table: Additional Details Regarding the Agreement
| S. No. | Detail | Information |
|---|---|---|
| 1 | Parties to the Agreement | Punj Lloyd Ltd. and Diversified India Growth Fund |
| 2 | Purpose of Agreement | Sale of 100% shareholding in Sembawang Infrastructure (India) Private Limited |
| 3 | Shareholding in Buyer | Nil |
| 4 | Special Rights | Not applicable |
| 5 | Related Party Transaction | No |
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