India: Adani Defence acquires 51% stake in small arms manufacturer

India: Adani Defence acquires 51% stake in small arms manufacturer

Photo: Adani Enterprises brochure

Adani Land Defence Systems and Technologies Ltd, a step down subsidiary of Adani Enterprises, has bought 51% stake in the small arms business of Gwalior-based PLR Systems in an all-cash transaction.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter