PSP Projects |
Billionaire Gautam Adani's Adani Infrastructure will buy a 30.07% stake in construction firm PSP Projects for Rs 685.36 crore, confirming CNBC-TV18 news break. The deal includes an open offer at ₹642.06 per share, a 4% discount to the current market price, and involves purchasing a stake from one of PSP Projects' founders. Also, Adani Infrastructure made an open offer to acquire an additional 26% stake (1 crore shares) in construction firm PSP Projects at ₹642.06 per share.
Billionaire Gautam Adani's Adani Infrastructure will buy a 30.07% stake in construction firm PSP Projects for Rs 685.36 crore, confirming CNBC-TV18 news break. The deal includes an open offer at ₹642.06 per share, a 4% discount to the current market price, and involves purchasing a stake from one of PSP Projects' founders. Also, Adani Infrastructure made an open offer to acquire an additional 26% stake (1 crore shares) in construction firm PSP Projects at ₹642.06 per share.