Gautam Adani masterstroke, invests Rs 6850000000 to buy 30% stake in this company, will buy shares from...

Gautam Adani led Adani Infra will purchase a 30.07% stake in construction company PSP Projects for 6.85 billion rupees ($81.

2 million). Published: November 20, 2024 11:08 AM IST By Edited by Adani Infra, a unit of Adani group’s flagship firm Adani Enterprises, will buy the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder, the construction firm said in a stock exchange filing. The Adani Group has in recent months done a series of acquisitions to strengthen its footprint across multiple sectors.

The deal values PSP Projects at Rs 575 per share, a 15 per cent discount to Tuesday’s closing price. For breaking news and live news updates, like us on or follow us on and . Read more on Latest on .

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