executed a Share Purchase Agreement (“SPA”) on March 1, 2026 with Punj Lloyd. Aviation Ltd (“PLAL” ) to acquire 14.2% stake in Air Works India (Engineering) Private. ADSTL already holds 85.76% in Air Works.
An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What happened
Fact
executed a Share Purchase Agreement (“SPA”) on March 1, 2026 with Punj Lloyd. Aviation Ltd (“PLAL” ) to acquire 14.2% stake in Air Works India (Engineering) Private. ADSTL already holds 85.76% in Air Works.
Update 6 of 7 in a matter ongoing since Procedural
M&Amerger
Why it matters
CapitSignal interpretation
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
Scheme of Arrangement. The Demerged Company and Resulting Companies have filed the E-Form INC-28. with the Registrar of Companies, Ahmedabad dated 1 March, 2026.
