2022: Top Deals of Adani Group

| Updated: June 6, 2022 5:55 pm

Billionaire Gautam Adani’s conglomerate, which owns industries ranging from seaports to airports and electricity, is rushing to expand its operations, announcing a venture into healthcare services following acquisitions and investment announcements in cement production.

ATL’s Deal: 

Adani Transmission Ltd (ATL) announced that it had reached an agreement with Essar Power to purchase the Mahan-Sipat transmission line for Rs 1,913 crore.

Foray into Cement Business: 

The company entered the cement business by purchasing Holcim’s India operations for a total of $10.5 billion. The Adani family made an open offer to buy a 26% stake in each of its two publicly traded companies, Ambuja Cements and ACC Ltd, from public shareholders for $6.5 billion a day after announcing the plan to buy Holcim’s India operations.

Healthcare Venture: 

For its healthcare venture, the company is said to be in talks with major players in the industry and might invest up to $4 billion. By acquiring significant hospitals, diagnostic networks, and offline and internet pharmacies, Adani’s group has formed a new corporation to enter the healthcare sector.

Adani Enterprises Ltd, the group’s business incubator firm, said in a regulatory filing that Adani Health Ventures Ltd (AHVL), a wholly-owned subsidiary, was incorporated on May 17, 2022. AVHL will “carry on the business of healthcare-related operations,” including “building up, running, administering medical and diagnostic facilities, health aids, health tech-based facilities, research centres, and all other allied and incidental activities in this respect,” according to the company.

MoU with AP Govt:

Gautam Adani’s Adani group and Andhra Pradesh government have agreed to establish a 10,000 Megawatt (MW) solar power project and a 3,700 MW pumped storage hydro power plant with a combined investment of nearly Rs 60,000 crore. The project has a potential to employ 10,000 people directly and indirectly.

50% Stake In General Aeronautics:

Adani Enterprises announced on May 27 that it had signed a definitive agreement to buy a 50% stake in General Aeronautics Private Limited, a company that makes commercial robotic drones and drone-based solutions for crop protection, crop health, precision farming, and yield monitoring for the agricultural sector, using artificial intelligence and analytics.

49% Stake In Quintillion Business Media Ltd:

Adani Enterprises arm, AMG Media Networks Limited, signed a agreement to acquire 49% stake in Quintillion Business Media Ltd (QBML). This includes share purchase agreements with QBML, Quintillion Media Limited (QML) and Quint Digital Media Limited (QDML).

Also Read: Adani Wilmar is The Best Performing Asian IPO

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