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PSP Projects Secures CCI Approval for Major Share Acquisition by Adani Infra

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PSP Projects Secures CCI Approval for Major Share Acquisition by Adani Infra

The latest update is out from PSP Projects Ltd ( (IN:PSPPROJECT) ).

PSP Projects Ltd announced that it has received approval from the Competition Commission of India for the acquisition of up to 30.07% equity share capital by Adani Infra (India) Limited from one of its promoters, Mr. Prahaladbhai S. Patel. This approval marks a significant step in the transaction, potentially impacting the company’s ownership structure and influencing its strategic direction in the competitive infrastructure sector.

More about PSP Projects Ltd

PSP Projects Ltd is a company operating in the construction and infrastructure industry, focusing on providing comprehensive services in project management, engineering, and construction. The company is known for its expertise in executing large-scale projects across various sectors, including industrial, institutional, government, and residential developments.

YTD Price Performance: -6.98%

Average Trading Volume: 6,803

Current Market Cap: 24.63B INR

For detailed information about PSPPROJECT stock, go to TipRanks’ Stock Analysis page.

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