Indian billionaire Gautam Adani’s conglomerate is the frontrunner to acquire infrastructure developer Jaiprakash with an offer valued at about $1.4 billion, according to people familiar with the matter. The potential deal would expand Adani Group’s footprint in roads, power and cement, bolstering its position in India’s infrastructure sector after a recent series of asset purchases. Talks are ongoing and could still change, but Adani is currently ahead of competing bidders, the sources said.
Sources
IANS
Mumbai, Maharashtra: Adani Group Chairman Gautam Adani says, "I learned the challenges of the license raj, where just a few companies controlled the landscape and did not want any change... In 1985, Rajiv Gandhi, then the Prime Minister of our country, began liberalizing our https://t.co/Yx2nP4meFR
- IANS
Mumbai, Maharashtra: Adani Group Chairman Gautam Adani says, "Just as I was settling down in Mumbai, I was called back to Ahmedabad to help my brother to run his PVC film factory. It was 1981 and I was just turned 19. Managing a factory at this young age taught me what no https://t.co/GcZWXtvSqT
- IANS
Mumbai, Maharashtra: Adani Group Chairman Gautam Adani says, "One of my all-time favorite movie is 'Munnabai MBBS', not just for the laughter, but for the message. Munnabai was not just healing people with a medicine, he was healing them with humanity. It reminded us all that https://t.co/mSk2RhjYhV