Adani Infra seeks CCI clearance to acquire majority stake in PSP Projects

Adani Infrastructure has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in PSP Projects. This acquisition will enhance Adani's presence in the infrastructure and construction sectors. The deal is part of Adani’s strategy to strengthen its portfolio and expand its capabilities in the infrastructure space. The CCI clearance is crucial for the completion of the transaction, as it will assess the impact of the acquisition on market competition. This move is expected to consolidate Adani’s position in the growing infrastructure market, allowing it to undertake larger projects and scale operations effectively.