India's Adani Infra to buy 30% stake in PSP Projects

India's Adani Infra to buy 30% stake in PSP Projects for $81 million
India's Adani Infra will purchase a 30.07% stake in construction firm PSP Projects for 6.85 billion rupees ($81.2 million), the latter said on Tuesday.Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises,
Adani To Buy PSP Stake To Boost Construction Arm
Billionaire Gautam Adani agreed to buy a stake in PSP Projects Ltd. as his ports-to-power conglomerate seeks to enhance its engineering and construction capabilities to execute infrastructure projects.
Adani Infra to buy 30% stake in construction firm PSP Projects for ₹6.85 billion
Adani Infrastructure will purchase a 30.07 per cent stake in PSP Projects for ₹6.85 billion, valuing the firm at ₹575 per share. An open offer for additional stakes will follow, as the company has an order book worth ₹65.
Adani Infra to acquire ~30% stake in PSP Projects
Limited, Adani Group's PMC arm, has today signed definitive agreements to acquire up to 30.07% stake from PSP Project Limited's existing promoter - Mr. Prahladbhai S. Patel.
Adani Infrastructure to acquire 30.07% stake in PSP Projects from one of its founders for Rs 685 crore
Prahaladbhai S Patel, one of the promoters of PSP Projects, is the seller who entered into a share purchase agreement with Adani Infra (India) Limited by selling 1.19 crore equity shares of the company, representing up to 30.07% of the paid-up equity share capital of the PSP Projects.
Adani Infra to buy 30.07% stake in Ahmedabad-based PSP Projects for ₹685 crore
Adani Infra to acquire 30.07% stake in PSP Projects for ₹685 crore, aiming to boost infrastructure development in India.
Adani Group nears deal to buy 60% stake in PSP Projects: Exclusive
The Adani Group is in advanced stages of negotiations to buy stake in PSP Project, sources with knowledge of the matter told CNBC-TV18. Sources said that the Adani Group may acquire 60.14% stake from its promoters.
Adani Infra to acquire 30% stake in PSP Projects for Rs 685 crore
Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder
Adani to acquire 30 per cent in PSP Projects for Rs 685 crore
Adani operates airports, ports, roads and more, besides running a real estate company, Adani Realty, which is redeveloping Dharavi in Mumbai.
Adani to Buy PSP Projects’ Stake to Boost Construction Business
Billionaire Gautam Adani agreed to buy a majority stake in PSP Projects Ltd. as his ports-to-power conglomerate seeks to enhance its engineering and construction capabilities to execute infrastructure projects.
Adani acquires to expand its portfolio of engineering & construction cos
In October, the Adani Group’s Renew Exim DMCC, a Dubai-based private entity, had acquired 46.64 per cent stake in engineering ...
Gautam Adani masterstroke, invests Rs 6850000000 to buy 30% stake in this company, will buy shares from…
Adani Infra, a subsidiary of Gautam Adani's flagship company, is set to acquire a 30.07% stake in PSP Projects for 6.85 ...
PSP Projects share price jumps 10% on news Adani may buy majority stake, launch open offer
PSP Projects has a market capitalisation of Rs 2,800 crore. Adani Group is reportedly in talks to acquire a controlling stake ...