The Competition Commission of India (CCI) has granted approval for the acquisition of equity shares of PSP Projects Limited by Adani Infra (India) Limited. This strategic move is expected to strengthen Adani Infra’s presence in the engineering, procurement, and construction (EPC) sector.
The acquisition involves Adani Infra acquiring equity shares of PSP Projects from Mr Prahaladbhai S. Patel (Seller) in an initial transaction. Additionally, an open offer will be made to public shareholders, ensuring that, upon completion, both Adani Infra and the existing promoters (including the Seller) will hold equal shareholding in PSP Projects.
Adani Infra is a leading infrastructure development company specialising in engineering, project management, and construction services. It operates across power generation, transmission, road, and water projects, providing Project Management Consultancy (PMC) and EPC services.
PSP Projects is a well-established EPC service provider operating in industrial, institutional, residential, and government infrastructure projects. The company offers a range of services, from planning and design to construction and post-construction activities, including mechanical, electrical, plumbing (MEP), and interior fit-outs for both private and public sector enterprises.
On March 6, 2025, PSP Projects share price opened at ₹634.00, touching the day’s high at ₹634.00, as of 9:33 AM on the NSE.
This acquisition aligns with Adani Infra’s expansion strategy in the construction and infrastructure sector. It is expected to enhance operational efficiencies, leverage synergies, and create growth opportunities for both companies in India’s booming infrastructure market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 6, 2025, 9:36 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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