The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Adani Infra (India) Ltd
PSPPROJECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PSP Projects has informed the exchange that Adani Infra (India) Ltd has filed a disclosure under Regulation 29(1) of the SEBI Takeover Regulations, 2011. This regulation requires shareholders to disclose every acquisition or sale of shares that crosses certain percentage thresholds (such as 5% of total share capital and changes of 2% thereafter). The filing indicates that Adani Infra (India) Ltd has either acquired or disposed of shares in PSP Projects, crossing a reporting threshold. The exact direction (buy or sell) and percentage change are not detailed in the headline, but it signals a meaningful change in ownership by an Adani group entity in the construction company.
Shareholders should watch for the detailed disclosure to know whether Adani Infra increased or reduced its stake. Increased buying could lift sentiment given Adani group's reputation, while a sale could pressure the stock. This is a disclosure of an incremental (creeping) change rather than a full takeover trigger.