Adani To Acquire PSP Stake, Expand Construction Division

Gautam Adani’s group will acquire a 30.07% stake in PSP Projects Ltd. for ₹6.85 billion ($81.1 million) through Adani Infra. This move strengthens its engineering and construction arm for infrastructure projects. The acquisition follows Adani’s recent purchase of ITD Cementation and aligns with India’s infrastructure goals. Adani will also make an open offer for an additional 26% stake.