Adani Infrastructure is set to acquire a 30.07% stake in PSP Projects from one of its founders for Rs 685 crore. Following this transaction, the board of PSP Projects will be restructured to include directors nominated by Adani Infra.
On November 19, shares of PSP Projects closed at Rs 666.6 on the BSE, reflecting a 3.53% increase. The company"s market capitalization stands at Rs 2,666 crore, indicating a robust performance in the market.