Gautam Adani’s acquisition spree in India and abroad

Gautam Adani is the richest man in Asia with an approximate net worth of $136 billion.

Gautam Adani India’s and Asia’s richest man has recently acquired the news channel NDTV as he acquired a 29% stake in the company.

Adani’s coal to edible oils conglomerate has been on an acquisition spree in the past 2 years.

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Let us look at his purchases

In Media: Earlier this year on 1st March, Adani announced that they will be acquiring a 49% stake in Quintillion Business Media through AMG Media Networks (a subsidiary of Adani) which is the parent company of the digital media website, The Quint. NDTV became Adani’s latest expansion in the media industry.

Ports: Israel on July 14th of this year announced that they would sell the Port of Haifa to Adani Ports for $1.18 Billion. This port on the Mediterranean coast is a major trading hub. 

Power: Adani Power Ltd on 19th August said that they will buy the thermal power plant operator DB power at a value of Rs 7,017 crore.

Cement: The Adani Group said in mid-May that they will acquire Holcim AG’s cement venture for $10.5 billion. This was the Group’s largest ever acquisition which made them the second largest cement maker in the country.

Road assets: Adani Enterprises said on Aug. 4 that a unit would purchase Macquarie Asia Infrastructure Fund’s India toll roads in Andhra Pradesh and Gujarat states for Rs. 3110 crores.

Energy: Contrary to previous instances we informed you about, this is not an acquisition but a selling of stake. A French company with the name TotalEnergies announced that it would buy a 25% stake in Adani New Industries Ltd, as part of a deal with Adani Enterprises to develop the world’s biggest green hydrogen ecosystem. In 2021 the French company said that it will be buying a stake in Adani Green Energy Ltd for $2.5 billion.