5 days ago
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.
by Taboola
by Taboola
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