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CCI approves acquisition of equity of PSP Projects by Adani Infra

Published: Mar 06, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 06, 2025: THE Competition Commission of India has approved the acquisition of equity shares of PSP Projects Limited by Adani Infra (India) Limited.

The proposed transaction involves the acquisition by Adani Infra (India) Limited (Acquirer) of equity shares of PSP Projects Limited (Target) from: (i) Mr. Prahaladbhai S. Patel (Seller) (Initial Acquisition); and (ii) public shareholders by way of an open offer (Open Offer), such that, post-closing of the Initial Acquisition and Open Offer, the Acquirer (on the one hand) and the Seller and other existing promoters (on the other hand) would hold equal shareholding.

The Acquirer is an infrastructure development company with specialization in comprehensive engineering, project management, and construction services for power generation and transmission sector. The Acquirer provides Project Management Consultancy (PMC) and Engineering, Procurement and Construction (EPC) services for road, water, and power projects.

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.

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