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Adani Infra Boosts Stake in PSP Projects

05 Aug, 2025

Adani Infra, a part of Gautam Adani's empire, recently acquired a 21.83% stake in PSP Projects for Rs 553.92 crore, buying 86.55 lakh shares at Rs 640 each. The shares were sold by promoter Prahaladbhai Patel, who offloaded a total of 91 lakh shares. With this purchase, Adani's stake in PSP Projects has risen to 33.15%. However, the news didn't bode well for PSP's share price, which plummeted by 15.52% to close at Rs 641.60. Meanwhile, Yatharth Hospital shares rose by 2.24%, reflecting the varied dynamics in the Indian stock market.

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