The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave MUMBAI, Jan 21 (Reuters) – India’s Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group’s chief financial officer told Reuters. The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh. "The criteria is for these businesses to achieve a basic investment profile and experienced management by 2025-28, which is when we plan to demerge them," he said. The company is betting big on its airport business and is aiming for it to become the largest services base in the country in the coming years, outside of government services, Singh said. The Adani group has spun off its power, coal, transmission and green energy business in the last five-seven years. Adani, the world’s third-richest man according to Forbes, has been diversifying his empire from ports to energy and now owns a media company. Latest Updates His flagship firm Adani Enterprises (ADEL.NS) is set to raise up to $2.5 […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
