Adani Group to Foray into Healthcare with $4 Billion Investment

| Updated: May 2, 2022 6:45 pm

Adani Group, which handles diverse businesses, is now engaging with foreign banks and global private equity investors to chalk out plans in the healthcare business.

Adani Group, is an Indian multinational conglomerate company, headquartered in Ahmedabad.  It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises Limited (previously Adani Exports Limited). The Group’s diverse businesses include port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure.

Sources privy to the ongoing talks with companies said that Gautam Adani, Chairman of the Adani Group, is in talks with global majors in the healthcare sector for a joint industry or alliance for the Indian market and an announcement may be made soon. The company is also planning to invest up to $4 billion for this. However, there has been no announcement from the company yet. “

On ongoing negotiations with several companies, sources said, “Gautam Adani is in discussions with global players in the healthcare sector for a joint industry or alliance for the Indian market and an announcement may be made soon. ‘’

Another source said, “Adani has identified healthcare as a big opportunity and he is keen to strengthen the space that is facing challenges due to different reasons. “

The focus is on health services. The government has announced several policy initiatives, including product-linked incentives in order to attract investments in the healthcare sector. Plans are underway to promote domestic manufacturing of pharmaceuticals and medical devices. The home healthcare sector, especially the online pharmacy sector, has seen a significant increase in mergers and acquisitions over the past two years.

Also Read: Adani Group Among Others In The Talks With Holcim As Potential Buyer Of Their Stake In Ambuja And ACC Cement

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