Adani Infrastructure Makes Cash Offer to Acquire 26.00% Stake in PSP Projects Limited

Adani Infrastructure, through its subsidiary Adani Infra (India) Limited, has made a cash offer to acquire up to 1,03,06,866 fully paid-up equity shares of PSP Projects Limited at a price of INR 642.06 per equity share, representing up to 26.00% of the voting share capital. This offer is in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments. The offer is not conditional or subject to any minimum level of acceptance and is not a competing offer. The offer is open to all public shareholders, including NRIs, OCBs, and FPIs, subject to necessary approvals. The offer is not subject to any other statutory or regulatory approvals, except for the approval from the Competition Commission of India, which has been received. The Acquirer shall complete all procedures relating to this Open Offer within 10 (Ten) Working Days from the date of closure of the Tendering Period.