New Delhi, Mar 5
The Competition Commission of India (CCI) has approved a deal where Adani Infra (India) Limited will buy shares of PSP Projects Limited.
In this deal, Adani Infra will buy shares from Mr. Prahaladbhai S. Patel and also from public shareholders through an open offer. After this, Adani Infra, Mr. Patel, and other existing promoters will have equal ownership in PSP Projects.
Adani Infra is a company that works on infrastructure projects, including engineering, project management, and construction in sectors like power, roads, and water.
PSP Projects Limited is a construction company that provides engineering, procurement, and construction (EPC) services for different types of buildings, including industrial, institutional, government, and residential projects. It also does electrical, plumbing, and interior work for both private and public sector clients.
More details about this approval will be shared later.
(Source: PIB)
