Adani Infra buys 21.83% in PSP Projects through a block deal

Mumbai: Adani Infra on Monday purchased a 21.83% stake, or 8.65 million shares, in PSP Projects through a block deal on the BSE at ₹640 a share, or about ₹554 crore. Promoter Prahaladbhai S Patel, who held a 47.76% in the company as on June-end, sold 9.1 million shares at ₹640.01 a piece, show exchange data. It wasn't known who purchased the remaining shares. Adani Infra had in November 2024 signed a definitive deal to acquire up to 30.07% in PSP Projects from Patel.