Adani Infra (India), owned by Gautam Adani's Adani Enterprises, has acquired additional 21.83 percent stake in PSP Projects, the construction company, through open market purchases on August 4.
As per the bulk deals data published on exchanges, Adani Infra has bought 86.55 lakh shares (equivalent to 21.83 percent stake) in PSP at Rs 640 per share, amounting to Rs 553.92 crore.
Promoter Prahaladbhai Shivrambhai Patel was the seller in this deal, offloading 91 lakh shares (or 22.95 percent stake) at Rs 640.01 per share on the BSE, and another 6 lakh shares at Rs 625 per share on the NSE. This entire stake sale is valued at Rs 619.9 crore.
As of June 2025, promoters held 60.14 percent stake in PSP projects including Prahaladbhai Patel's 47.76 percent shares. At the same time, Adani (Infra) had 11.32 percent shareholding in the company.
Considering the shareholding pattern updated at the end of June 2025, the shareholding of Adani Group in PSP Projects seems to have increased to 33.15 percent.
PSP Projects shares fell sharply on Monday, correcting 15.52 percent to close at Rs 641.60 with a market capitalisation of Rs 2,543 crore.
Meanwhile, Yatharth Hospital & Trauma Care Services was also in focus, rising 2.24 percent to Rs 650.80. PMS firm Purnartha Investment Advisers has bought 5.8 lakh shares (i.e. 0.6 percent stake) in the healthcare company at Rs 649.9 per share, amounting to Rs 37.6 crore.
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