Richest Asian Gautam Adani is also busiest dealmaker with a $17 billion spree

Indian billionaire Gautam Adani became the richest person in Asia this year. Now, a vast empire-building exercise is making him one of the region’s busiest dealmakers. A $10.5 billion pact announced Sunday to buy the Indian operations of Swiss building-materials firm Holcim Ltd., capped a run of some 32 acquisitions for Adani the past year, … Read more

Adanis Bring In $3bn As Promoter Equity For The Holcim Deal

The Adani family plans to bring in $3 billion as promoter equity for its $10.5 billion buyout of Holcim Ltd’s stake in ACC Ltd and Ambuja Cements Ltd, while banks will finance the rest, two people aware of the financing agreement said. On 15 May, the Adani family said the acquisition would be funded through … Read more

Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim

Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim’s stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd’s … Read more

Gautam Adani becomes the richest man in India, joins $100 billion rich club.

Adani Group’s Gautam Adani has joined the $100 billion club of richest entrepreneurs in the world. The chairman of the Ahmedabad-based multinational conglomerate has become India’s richest man, surpassing Mukesh Ambani who had held the top rank in India and Asia for quite a some time. Adani’s net worth accelerated on the back of the … Read more

The Mukesh Ambani-Gautam Adani rivalry is about to get intense

Mukesh Ambani and Gautam Adani tiptoed around each other for years to reach the top two rungs of Asia’s wealth ladder. While one of them built an empire in telecom and retail, the other established a lock on transport and energy distribution. Increasingly, though, the two billionaires from India’s Gujarat state are starting to overlap, … Read more