Adani Group scouts for M&A chief

Adani Group scouts for M&A chief
08 September 2022


The Adani Group is looking to recruit a new chief of mergers and acquisitions, replacing Vinod Bahety, who is moving to a new role within the company.

According to Financial Express Online, so far this year the Adani Group has agreed to buy Holcim’s cement business in India in a US$10.5bn deal, has promised to invest US$70bn in green energy, and recently launched a hostile takeover of New Delhi Television Ltd.

Owner Gautam Adani has been named as the world’s third-richest person, behind Elon Musk and Jeff Bezos, according to the Bloomberg Billionaires Index, marking the first time an Asian person has reached the top three of the index.

Published under Cement News