Winning Bizness Desk
Mumbai. After entering the cement business, the country's veteran businessman Gautam Adani has now announced to enter the healthcare sector. He has formed a separate company to provide healthcare services. Adani Group has given this information in the information sent to the stock exchanges on Wednesday. In the information given by Adani Enterprises, the parent company of Adani Group, it has been told that the healthcare company has been named Adani Health Ventures Limited (AHVL). This company was formed on May 17, 2022. This new company will be a wholly owned subsidiary of Adani Enterprises Limited.
Adani Health Ventures is the name
Adani Health Ventures Limited will do business related to healthcare. This will also include medical and diagnostic services. The group has said that the paid-up capital of the new company will be Rs 1,00,000. Apart from providing services related to medical and medical tests, it will also provide health tech facilities. It will also have research centers and other services related to medical will also be provided by this company.
Announcement to enter cement sector
Adani Group has said in its filing that this healthcare company will start its operations in the coming times. However, the time of commencement of business has not been given by the company. Just a day before this announcement, the group had announced the acquisition of Ambuja Cements and ACC. Adani Group has bought a major stake in both these companies from Switzerland's Holcim Group. With the completion of this acquisition, the Adani Group will become the second largest cement producer in the country.
Flourishing Company
The pace of growth of the Adani Group has been very fast since 2014. Since then, the group has made over 30 acquisitions across different businesses. Today this group has become the largest player in the country in sectors like ports, airports and power.
