On November 19, the share price of PSP Projects increased by 10% due to reports of the Adani Group"s potential acquisition of a controlling stake in the construction company.

Sources from CNBC-TV18 revealed that the Adani Group is in advanced talks to purchase a 60.14% stake from PSP Projects" promoters. This acquisition may trigger an open offer for an additional 26% stake from public shareholders, as required by regulations.

Currently, PSP Projects has a market capitalization of Rs 2,800 crore. Despite a decline of over 8% in the past year, the recent surge in stock price is notable.