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 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.
PSP Projects says Adani Infra to acquire ~30% stake
Existing management will continue, with Adani and the current promoters sharing equal board representation and joint control.
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 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 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 Infra to buy 30% stake in PSP Projects
Adani Infra, a subsidiary of Adani Group, is set to acquire a 30.07% stake in PSP Projects for ₹685.4 crore. This strategic move aims to bolster Adani Infra's construction capabilities for upcoming infrastructure and real estate projects.
Adani Infra Buys 30% Stake in PSP Projects for Rs 685 cr
Adani Infra, part of the Adani Group, will acquire a 30.07% stake in PSP Projects for Rs 685.36 crore, marking a significant consolidation in the construction sector. The deal includes an open offer for an additional 26% stake,
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.
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 ...
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 ...