Adani to acquire a 30% stake in PSP Projects for $81m.

Adani, a multinational conglomerate company, agreed to acquire a 30% stake in PSP Projects, a construction company, for $81m. Adani Infra, part of billionaire Gautam Adani's Adani Enterprises, will buy shares in PSP Projects from its chairman and largest shareholder, Prahladbhai S Patel. The Adani Group, which operates in areas like ports and power, has been expanding across sectors, including a recent $1bn investment in energy and infrastructure in the US.