PSP Projects Limited — Important, 19-11-2024: General Updates

**Public Announcement Summary:**

Adani Infra (India) Limited is initiating an open offer to acquire up to 1,03,06,866 (One Crore Three Lakh Six Thousand Eight Hundred and Sixty-Six) fully paid-up equity shares of PSP Projects Limited, representing approximately 26% of its voting share capital. The offer price is set at INR 642.06 per share, totaling a maximum consideration of INR 661.76 Cr, assuming full acceptance.

This open offer is being made as part of a larger transaction where Adani Infra has entered into a Share Purchase Agreement to acquire up to 1,19,19,353 (One Crore Nineteen Lakh Nineteen Thousand Three Hundred and Fifty-Three) shares, giving it joint control of the company alongside existing promoters. The completion of the transaction hinges on regulatory approvals. Investors should monitor this development closely, as it could significantly influence the company's ownership structure and market position.