Winning Bizness Desk
Mumbai. The Adani Group of Gautam Adani, Asia's richest man, is aggressively pursuing acquisition deals. According to data compiled by Bloomberg, the group has struck over 32 deals worth over Rs 1.31 lakh crore in the past year, making it one of the largest deal-getters in the Asia Pacific region. After investing in coal and infrastructure projects for a long time, the Adani Group is now diversifying its business into various sectors ranging from the rice brand to travel portals, acquisitions of media conglomerates, green energy and cement companies. Arun Kejriwal, founder of investment advisory firm CRIS, says Adani is an aspiring businessman who wants to have a presence in every area of business.
What are the acquired companies
If we look at those companies, we will find that Adani's focus has been on infrastructure-green energy companies. He has acquired ACC (81,000 Cr), SB Energy (27,121 Cr), Ocean Sparkle (1,688 Cr), Sadbhav Infra (1,665 Cr), Gangavaram Port (1,944 Cr), Warora-Kurnool Transport (3,355 Cr), Sterling & Wilson (441 Cr).
Adani's net worth is Rs 8 lakh crore
According to the Bloomberg Billionaires Index, Gautam Adani's net worth is currently around Rs 8 lakh crore. Recently, the Adani Group has bought stake in Ambuja and ACC cement companies from the world's largest cement company Holcim for about 81 thousand crore rupees.
