India's Adani Infra will purchase a 30.07% stake in construction firm PSP Projects for 6.85 billion rupees ($81.2 million), the latter said on Tuesday.Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises,

Adani operates airports, ports, roads and more, besides running a real estate company, Adani Realty, which is redeveloping Dharavi in Mumbai.

The Adani Infra deal values PSP Projects at ₹575 per share, which is a 15 per cent discount from its closing price on Tuesday. The ports-to-power conglomerate is tapping into various sectors, including a $10 billion investment in energy security and ...

Prahaladbhai S Patel, one of the promoters of PSP Projects, is the seller who entered into a share purchase agreement with Adani Infra (India) Limited by selling 1.19 crore equity shares of the company, representing up to 30.07% of the paid-up equity share capital of the PSP Projects.

Adani Infra, part of billionaire Gautam Adani's Adani Enterprises, will buy shares in PSP Projects from its chairman and largest shareholder, Prahladbhai S Patel. The Adani Group, which operates in areas like ports and power,

Adani Infra, part of the Adani Group, will acquire a 30.07% stake in PSP Projects for Rs 685.36 crore, marking a significant consolidation in the construction sector. The deal includes an open offer for an additional 26% stake,

Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder

Billionaire Gautam Adani agreed to buy a majority stake in PSP Projects Ltd. as his ports-to-power conglomerate seeks to enhance its engineering and construction capabilities to execute infrastructure projects.