PSP Projects is attracting attention due to a significant investment announcement. Adani Infra (India), a subsidiary of the Adani Group, has entered into definitive agreements to acquire up to a 30.07% stake in PSP Projects from its current promoter, Prahladbhai S Patel, for Rs 685.4 crore.

This acquisition will reduce Patel and his family's stake in the company from 60.14%. Additionally, Adani Infra has initiated an open offer to purchase an extra 26% stake in PSP Projects at a price of Rs 642.06 per share, amounting to Rs 661.8 crore. This move is expected to enhance Adani's presence in the construction sector and could lead to further developments in the company’s strategic direction.