CCI Approves Adani Infra’s Stake Acquisition in PSP Projects

The Competition Commission of India (CCI) has approved Adani Infra (India) Limited’s acquisition of equity shares in PSP Projects Limited. Under the deal, Adani Infra will acquire shares from Prahaladbhai S. Patel and public shareholders through an open offer. After completion, Adani Infra and the existing promoters will hold equal stakes in PSP Projects.

Adani Infra specializes in infrastructure development, offering engineering, project management, and construction services across power, road, and water sectors.

The Target is in the business of providing EPC services across sectors such as industrial, institutional, residential, government, government residential and all and other work relating thereto. It offers construction and allied services across industrial, institutional, government, government residential and residential projects in India. It provides its services across the construction value chain, ranging from planning and design to construction and post-construction activities, including mechanical, electrical, and plumbing (MEP) work and other interior fit outs to private and public sector enterprises.