Acquisitions13 Jun 2025, 05:07 pm
Adani Infra Acquires 11.32% Stake in PSP Projects Through Mandatory Tender Offer
AI Summary
Adani Infra (India) Limited has acquired 44,86,193 equity shares of PSP Projects Limited, pursuant to a mandatory tender offer on June 11, 2025. This acquisition makes Adani Infra a promoter of PSP Projects along with the existing promoters. The acquired shares represent 11.32% of the total voting share capital of PSP Projects.
Key Highlights
- Adani Infra has acquired 44,86,193 equity shares of PSP Projects, representing 11.32% of the total voting share capital.
- This acquisition makes Adani Infra a promoter of PSP Projects along with the existing promoters.
- The acquisition was made through a mandatory tender offer on June 11, 2025.
- Adani Infra did not form part of the promoter/promoter group of PSP Projects before the acquisition.
- Upon completion of the acquisition, Adani Infra will be in joint control of PSP Projects along with the existing promoters.