Archive · 7 Aug 2025
Adani Infra Purchases 34.4% Stake in Ahmedabad-Based PSP Projects
A company called Adani Infra bought a big part of PSP Projects, which builds buildings.
Adani Infra bought about 34% of the company's shares from the original owners and others.
They signed an agreement in November 2024, and finalized the deal on August 5.
Because of this, Adani Infra now helps run PSP Projects, along with the original owners.
Someone from Adani Infra is now on PSP Projects' board of directors, helping to make decisions.
PSP Projects has worked on large projects like the Surat Diamond Bourse.
Adani Infra acquired a 34.4% stake in PSP Projects.
The share purchase was completed on August 5.
Adani Infra purchased shares from the promoter group and public shareholders.
Kattunga Srinivasa Rao from Adani Infra is appointed to PSP Projects' board.
PSP Projects is a construction company based in Ahmedabad.
- Who
- Adani Infra acquired the stake from the promoters and public shareholders of PSP Projects.
- What
- Adani Infra acquired a 34.4% stake in PSP Projects.
- When
- The share purchase was completed on August 5, following an agreement in November 2024.
- Where
- PSP Projects is based in Ahmedabad.
- Why
- Not explicitly stated in the articles.
- Acquisition
- 34.4% stake in PSP Projects
- Acquirer
- Adani Infra
- Target
- PSP Projects
- Location of Target
- Ahmedabad
- PSP Projects Business
- Construction
- Adani Infra Board Seat
- Kattunga Srinivasa Rao
- Initial Agreement
- November 2024
