Is Adani Group Planning To Launch IPO?
- The Woke India
- Jun 10, 2021
- 1 min read
The Group’s airport and food businesses are reportedly in plans to be listed..
According to media reports, the airport and food businesses of the Adani Group could go public in the near future.
The group plans to hive of the airport business as a first step towards listing its unit according to sources in the know.
The airports business is owned by Adani Enterprises as Adani Airports Holdings, with Adani Wilmar is a joint venture between the Adani Group and Singapore-based Wilmar International.
With six companies listed on the Indian stock exchanges currently, whose total market capitalization saw stratospheric growth in the recent past, this development could see the Adani Group with seven infrastructure companies and one consumer business listed, and could help promoter Gautam Adani to the title of richest Indian, pipping fellow businessman Mukesh Ambani to the top spot in the rich list.
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