Adani Power

Factbox: Adani is Asia’s richest man on a spree day in India, abroad | Rare Techy


NEW DELHI, Aug 24 (Reuters) – Indian billionaire Gautam Adani, Asia’s richest man, made his biggest media bet yet with a bid to buy a majority stake in New Delhi Television (NDTV) (NDTV.NS).

Coal-to-edible-oil conglomerate Adani has been in trouble for the past two years.



A unit of the Adani group used financial rights to buy 29.18% of NDTV shares, apart from an open offer for another 26% in accordance with Indian regulations. Adani announced the move on August 23 but NDTV, which has a market valuation of about $300 million, said its permission was not sought. read more


Adani Power Ltd ( ADAN.NS ), India’s largest private thermal power producer, said on Aug. 19 that it will buy thermal power plant operator DB Power for an enterprise value of 70.17 billion rupees ($878.61 million). read more


Adani Enterprises ( ADEL.NS ) said on Aug. 4 that a unit would buy Macquarie Asia Infrastructure Fund’s Indian highways in Andhra Pradesh and Gujarat for 31.10 billion rupees.


Israel said on July 14 that it would sell Haifa Port, a major trading hub on its Mediterranean coast, to Adani Ports ( APSE.NS ) and local chemicals and logistics group Gadot for 4.1 billion shekels ($1.18 billion). read more


Adani Group said in mid-May that it would buy Holcim AG’s ( HOLN.S ) cement business in India for $10.5 billion, its largest acquisition yet, to become the country’s No. 2 cement producer. read more



* French energy major TotalEnergies ( TTEF.PA ) said in June it would buy a 25% stake in Adani New Industries Ltd, as part of a deal with Adani Enterprises to develop the world’s largest green hydrogen ecosystem. read more

* Sum said in January 2021 that it paid $2.5 billion for a stake in Adani Green Energy Ltd and its solar assets.

($1 = 79.8650 Indian rupees)

Compiled by Krishna N. Das; Editing by Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.


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