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HomeAsiaAsia’s richest man Adani plans on IPOs for at least five companies

Asia’s richest man Adani plans on IPOs for at least five companies

Asia’s richest man, Gautam Adani, has plans to take at least five companies to the public between 2026 and 2028 as the port-to-power conglomerate improves its debt ratio and We help you grow your investor base.

Adani Group Chief Financial Officer Jugeshineder Singh said in an interview: He said Adani New Industries Ltd., Adani Airport Holdings Ltd., Adani Road Transport Ltd., AdaniConnex Pvt Ltd. and the group’s metals and mining divisions will become independent divisions.

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Singh said companies such as airport operators are consumer platforms serving nearly 300 million customers and must operate independently and manage capital requirements for further growth. . He said the company will need to demonstrate that it can pass basic tests of independent execution, operations and capital management before a formal split can take place.

“We already have a scale of five units,” says Singh. “Although the airport business is already independent, Adani New Industries has made a name for itself in the green energy sector. Metals and Mining covers our aluminum, copper and mining services.”

Billionaire Adani has faced criticism for the group’s rapid expansion from a traditional port operator into a sprawling conglomerate with assets such as media, cement and green energy, which has led to Some say debt and financial complexity have increased.Research firm CreditSights warned last year of the Adani Group’s “rising leverage.” The group disputed the report, calling the leverage ratio “healthy.”

Conglomerate flagship Adani Enterprises plans to sell its new shares at a discount and allow three installments as it rolls out an additional $2.5 billion offer later this month. Attract domestic retail investors. A diversified shareholder base helps provide liquidity in less traded stocks and provides funds to service debt.

The Adani Group has consistently supported Prime Minister Narendra Modi’s agenda. Pledged more than $70 billion to help India transform from a fossil fuel importer to a renewable energy generator.

“These splits will create huge cash flows and make the conglomerate a more valuable platform to showcase India’s infrastructure prowess globally,” said Singh.

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