Even the richest Asian is the busiest dealmaker with a $ 17 billion game

New Delhi: Billionaire Gautam Adani Became the richest man in Asia this year. Now, a massive empire-building exercise is making it one of the busiest dealmakers in the region.
According to data compiled by Bloomberg News, Swiss building-materials firm Holcim Ltd announced on Sunday a 10.5 billion deal to buy Indian operations, with a period of about 32 acquisitions for Adani last year, valued at about $ 17 billion.
Group of businessmen, the Adani Group, Many small deals do not disclose the transaction value, which means that the total amount may be even larger. After years of focusing on coal and infrastructure-related dramas, Adani is building branches to suit its growing fortunes, buying a range of assets from the premium rice brand and travel portal to Softbank Group Corp. to the Green Energy firm.
According to Bloomberg’s Billionaires Index, a first-generation entrepreneur with a net worth of $ 102 billion, Adani has rapidly diversified into new areas such as data centers, digital services, cement and media. After acquiring one of the most controversial coal mining projects in Australia, Adani is building a strong direction towards long-term sustainable energy.

Adani is “a sharp and ambitious businessman who wants to have a finger in almost every pie,” said Arun Kejriwal, founder of KRIS, an investment advisory firm based in Mumbai.
Kejriwal said the 59-year-old businessman has now built the financial muscle needed to quell the turmoil of deals. “It is able to obtain financial assistance from sovereign funds and can resort to leveraged buyouts.”
Adani Group companies acquired nearly $ 2 billion from Abu Dhabi-based international holding company PJSC in April, while global giants TotalEnergies SE and Warburg Pincus LLC invested in Adani companies last year.
Bloomberg previously reported that Tycoon is also said to be searching for targets among local media companies and is seeking a partnership with Saudi Aramco. The contract for the Green Steel Mill was announced in January with South Korea’s POSCO.
Kejriwal said, “Nothing is slow about Adani. “Everything is like a fast fire.”


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