PSP Projects’ shares surged over 13% following reports that the Adani Group is in advanced talks to acquire a stake in the company. According to sources cited by CNBC-TV18, Adani Group may purchase a 60.14% stake from PSP Projects’ promoters.
This potential acquisition could trigger an open offer for an additional 26% of the company’s public shareholding, as per regulatory norms. If finalized, the deal would significantly bolster Adani Group’s footprint in the construction and infrastructure sector, aligning with its expansion strategy.
As of 1:26 pm, Psp Projects shares were trading 12.37% higher at Rs 723.40 on the NSE.
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