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Adani Enterprises’ arm acquires 51% stake in PLR Systems

12 Sep 2020 Evaluate

Adani Enterprises’ step down subsidiary -- Adani Land Defence Systems and Technologies has acquired 51% Equity Shares of PLR Systems from Fouraces Systems India on September 10, 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 1.2 million 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.

Adani Enterprises is an infrastructure company. The company is engaged in coal trading, coal mining, oil and gas exploration, ports, multimodal logistics, power generation and transmission, and gas distribution.

 

Adani Enterprises Share Price

2218.35 13.35 (0.61%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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