The Adani Family has signed a deal worth $10.5 billion with Swiss building materials company Holcim to acquire the latter’s entire stake in Ambuja Cements and ACC Ltd. Through its subsidiaries, Holcim has a 63.19% stake in Ambuja Cements and a stake of 54.53% in ACC Ltd., of which 50.05% is held via Ambuja Cements. […]
The Adani Group said that it is investing in Indian online travel aggregator (OTA) Cleartrip Private Limited, a part of the Flipkart Group. As part of the undisclosed investment, the Indian conglomerate will acquire a significant minority stake in the travel booking app. By acquiring the stake, it is expected that the Adani Group and […]
Adani Green Energy Ltd (AGEL) has wrapped up the previously announced $3.5 billion (INR 26,000 crores) acquisition of SB Energy Holdings Ltd (SB Energy India). The all-cash deal was announced in May 2021 under which the Adani Group subsidiary acquired the Indian renewable energy company from SoftBank Group (SBG) and Bharti Group. While SoftBank Group […]
Adani Group has revealed intentions to inject $20 billion over the next 10 years in renewable energy generation, manufacturing of components, as well as transmission and distribution. The investment will help the Indian conglomerate’s efforts to grow its renewable power generation capacity by three folds in the coming four years. Presently, Adani Group has an […]
Gautam Adani’s Adani Enterprises has incorporated another fully-owned subsidiary — the latest being Noida Data Center Limited (NDCL). According to the Adani Group company, Noida Data Center Limited will be engaged in developing, operating, maintaining, and dealing with the business of data centers, IT, ITeS, and cloud. Adani Enterprises has incorporated the new subsidiary with […]
Adani Enterprises Ltd, the flagship entity of Gautam Adani’s Adani Group, has incorporated a fully-owned subsidiary called — Adani Petrochemicals Limited (APL) to foray into the petrochemical industry. Adani Petrochemicals Limited will be engaged in establishing refineries, petrochemicals complexes, specialty chemicals units, hydrogen and related chemicals plants, and other similar units. Adani Enterprises said that […]
Adani Airport Holdings (AAHL), a fully-owned subsidiary of Adani Enterprises, has taken over the management control of Mumbai International Airport Limited (MIAL) from the GVK Group. The takeover comes after the Adani Group company secured approval from the Indian government, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Maharashtra government. It can […]
Adani Green Energy has signed a deal worth nearly $3.5 billion to acquire SB Energy Holdings (SB Energy India), an Indian renewable energy company, from SoftBank Group (SBG) and Bharti Group. Japan-based SoftBank Group has an 80% stake in SB Energy India, which was established in 2015. Bharti Group, on the other hand, holds the […]