Adani

As per Forbes real-time billionaires list, Adani's net worth stands at $155.7 billion as of September 16, 2022, up by $5.5 billion or nearly 4%.

Adani has pledged to invest up to $70 billion in renewable energy projects in his quest to become the greatest green energy generator in the world. He entered the cement industry significantly in May 2022 when he triumphed in the competition to buy the Indian cement division of Swiss multinational Holcim for $10.5 billion. Only one of the top ten richest persons in the world, Adani, has had his net worth rise so far in 2022, adding more than $70 billion to his fortune. The infrastructure company, which has its headquarters in Ahmedabad, India, is also the country's biggest dealer and producer of tightly controlled thermal coal. His $13 billion Adani Group has holdings in commodities, real estate, electricity production and transmission, and infrastructure. As of September 16, 2022, Adani's net worth was $155.7 billion, up $5.5 billion or over 4%, according to Forbes' real-time list of billionaires.

Billionaire Gautam Adani on Friday briefly surpassed French business magnate Bernard Arnault to become the world's second richest person.

[Adani Enterprises](https://www.financialexpress.com/market/stock-market/adani-enterprises-ltd-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral), Adani Port and Adani Transmission were some of the Adani Group stocks that hit their record highs on the BSE in Friday’s early deals, leading to a surge in the group chairman’s real time net worth. The key reason behind Adani climbing the ranks is the surge in Adani Group stocks in the recent past. Despite some lawmakers and market watchers raising concerns over opaque shareholder structures and a lack of analyst coverage at the conglomerate’s companies, Adani group shares have soared. He also owns about 37% of Adani Total Gas, 65% of The jump in Adani’s ranking in the Forbes is a result of the massive surge in his fortune due to Adani Group shares rallying this year. Amazon founder Jeff Bezos is at number three with a net worth of $149.7 billion, followed by Microsoft founder Bill Gates ($105.3 billion), Larry Ellison ($98.3 billion) and ace Wall Street investor Warren Buffet ($96.5 billion).

Gautam Adani is the co-founder of the Adani Group, the largest port operator in the country. The group is also said to be the largest coal trader across ...

Gautam Adani is the co-founder of the Adani Group, the largest port operator in the country. But Adani and Ambani were the sole gainers in the top 10 list. The group is also said to be the largest coal trader across India. The 60-year-old tycoon is now ahead of billionaires including Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates and Berkshire Hathway chairman Warren Buffett. He is behind Tesla founder Elon Musk whose net worth stands at $273.5 billion. He pipped Louis Vitton boss Bernard Arnault by a whisker to achieve the feat.

Sharp ascent by group shares drives tycoon's worth to $154.6 billion, ahead of Arnault who is now slightly behind at $153.3 billion.

For instance, Adani Green has climbed 107.99 per cent in the last year and an extraordinary 4,564 per cent in the last three years. In Adani Transmission, the promoters have a 74.92 per cent stake. And the BSE Power Index, made up of all companies in the sector, has given investors a return of 168.44 over three years. Adani Transmission has given a return of an incredibly strong stock return of 1,588.52 per cent over the last three years. On June 30, the promoters held 60.50 per cent of the company. Earlier, the Bloomberg Wealth Index, which also monitors the worth of the world’s richest people, had placed Adani in the third position, but behind Bezos. And one group company, Adani Logistics closed a deal to buy Navkar Corporation’s inland container depots in Gujarat for Rs 835 crore. Both lists use slightly different calculations which is why they have different totals for all the people on their list. Amazingly, in March 2020, Adani was worth just $8.9 according to Forbes. Elon Musk, who’s worth a staggering $265 billion, currently holds the crown as the world’s wealthiest man, according to the Forbes list. Another company, Adani Green, also put in a sterling performance, climbing by Rs 50. The final push came Thursday after several Adani Group companies once again performed strongly on the stock market.

Gautam Adani's total wealth now stands at $149 billion, while Amazon founder Jeff Bezos' wealth stands at $150 billion.In 2022 so far, Adani has nearly ...

Interestingly, its follow-up report also did not contain any references of “deeply over-leveraged”. – Adani has beaten the mighty Tatas when it comes to the total market cap. The Gujarat-based businessman struck gold at the onset of the Covid-19 pandemic, when his total net worth stood at a little over $6 billion. Adani is now $115 billion away from Elon Musk, the richest person in the world. AdvertisementGautam Adani is now just $1 billion shy of becoming the second richest person in the world, behind Amazon founder Jeff Bezos. Advertisement

Gautam Adani 2nd Richest Person: गौतम अडानी दुनिया के दूसरे सबसे अमीर शख्स बन चुके हैं.

उनकी कुल संपत्ति 92 बिलियन डॉलर की है. आज उनकी संपत्ति कुल 4.9 अरब डॉलर बढ़ी है. वहीं एलन मस्क की कुल संपत्ति 789 मिलियन डॉलर बढ़ी है. उनकी संपत्ति 273.5 बिलियन डॉलर है. फिलहाल उनकी संपत्ति 155.2 बिलियन डॉलर पर है. आज यानी 16 सितंबर 2022 को गौतम अडानी की संपत्ति सबसे ज्यादा बढ़ी है.

The top 10 billionaires on the Forbes rich list now are Elon Musk ($273.5 billion), Gautam Adani ($155.7 billion), Bernard Arnault ($155.2), ...

[Forbes rich list](/topic/forbes-rich-list), the top 10 billionaires on the index are Elon Musk, Gautam Adani, Bernard Arnault, Jeff Bezos, Bill Gates ($105.3 billion), Warren Buffett ($96.5 bn), Mukesh Ambani ($92.6 bn) and Google co-founders Larry Page ($89 bn) and Sergey Brin ($85.4 bn). The Adani Group chairman’s wealth soared by $5 billion (approximately Rs 40,000 crore) on Friday following which his fortune is now estimated to be worth around $155.7 billion. Gautam Adani world's 2nd Richest Person: The top 10 billionaires on the Forbes rich list now are Elon Musk ($273.5 billion), Gautam Adani ($155.7 billion), Bernard Arnault ($155.2), Jeff Bezos ($149.7 billion), Bill Gates ($105.3 billion), Warren Buffett ($96.5 billion), Mukesh Ambani ($92.6 billion) and Google co-founders Larry Page ($89 billion) and Sergey Brin ($85.4 billion).

नई दिल्ली, बिजनेस डेस्क। भारत के सबसे अमीर व्यक्ति गौतम अदानी (Gautam Adani) और एलएमवीएच के ...

दुनिया के सबसे अमीर व्यक्तियों की सूची में एलन मस्क अभी भी 273.5 बिलियन डॉलर की संपत्ति के साथ दुनिया के सबसे अमीर व्यक्ति हैं। अदानी ग्रुप के मालिक गौतम अदानी 154.6 बिलियन डॉलर की संपत्ति के साथ दुनिया के दूसरे सबसे अमीर व्यक्ति हैं। लक्जरी गुड्स बनाने वाली कंपनी बर्नार्ड अर्नोल्ट 153.6 बिलियन डॉलर की संपत्ति के दुनिया के दुनिया के तीसरे, अमेजन के संस्थापक जेफ बेजोस 149.7 बिलियन डॉलर की संपत्ति के साथ चौथे और माइक्रोसॉफ्ट के संस्थापक बिल गेट्स 105.3 बिलियन डॉलर की संपत्ति के दुनिया के पांचवे सबसे आमिर व्यक्ति हैं। फोर्ब्स रियल टाइम बिलेनियर इंडेक्स के मुताबिक, गौतम अदानी 154.6 बिलियन डॉलर की संपत्ति के साथ दुनिया के दूसरे सबसे अमीर व्यक्ति हैं और वहीं, बर्नार्ड अर्नोल्ट 153.3 बिलियन डॉलर की संपत्ति के साथ दुनिया के तीसरे सबसे अमीर व्यक्ति के स्थान पर बने हुए हैं। नई दिल्ली, बिजनेस डेस्क। भारत के सबसे अमीर व्यक्ति गौतम अदानी (Gautam Adani) और एलएमवीएच के मालिक बर्नार्ड अर्नोल्ट (Bernard Arnault) के बीच दुनिया के दूसरे सबसे अमीर व्यक्ति बने रहने की रस्साकशी चल रही है। गौतम अदानी, बर्नार्ड अर्नोल्ट से बेहद मामूली अंतर से आगे हैं।

According to Forbes' Real-Time Billionaires List, Adani and his family's net worth as of early Friday stood at $155.4 billion against Arnault's $155.2 ...

Billionaire industrialist Adani and advocate Karuna Nundy were also named by TIME magazine on Monday as among the 100 Most Influential People of 2022. The business tycoon has passed Bernard Arnault, the co-founder and chairman of LVMH Moet Hennessy – Louis Vuitton to grab the second spot. Reliance Industries Chairman and Managing Director Mukesh Ambani is at eighth place with a net worth of $92.3 billion, followed by Microsoft founder Bill Gates (net worth $105.3 billion), Larry Ellison (net worth $98.3 billion) and veteran Wall Street investor Warren Buffet (net worth $96.5 billion).

Bernard Arnault and Mr. Adani traded the number two position during the day as the share prices of their companies fluctuated.

Adani dropped out of college to work in the diamond industry before starting his export business in 1988. Adani traded the number two position during the day as the share prices of their companies fluctuated. Mr.

Shares in the flagship Adani Enterprises - of which the billionaire Gautam Adani owns 75% - have soared more than 2700 percent since March 2020, ...

Lagatar24 Desk. New Delhi, Sept 16: Gautam Adani has surpassed Bernard Arnault of Louis Vuitton and Jeff Bezos of Amazon to become the second-richest person ...

Bezos is in fourth place with a net worth of $149.7 billion, down $2.3 billion from yesterday. Arnault is currently in third place with a family net worth of $153.5 billion, down $4.9 billion or 3.08% from yesterday. His current net worth was revealed by its real-time billionaires list to be $154.7 billion.

Gautam Adani: కాలేజీ డ్రాపవుట్‌ స్థాయి నుంచి ప్రపంచంలోనే అత్యంత ధనవంతుల జాబితాలోకి చేరిన ...

అదానీ టోటల్ గ్యాస్లో అతని పేరు మీద 37 శాతం, అదానీ పోర్ట్స్ అండ్ సెజ్లో 65 శాతం, అదానీ గ్రీన్ ఎనర్జీలో 61 శాతం, అదానీ ఎంటర్ప్రైజెస్, అదానీ పవర్, అదానీ ట్రాన్స్మిషన్స్లో 75 శాతం వాటాలు గౌతమ్ అదానీ పేరు మీద ఉన్నాయి. మన కరెన్సీలో చెప్పాలంటే ప్రస్తుతం గౌతమ్ అదానీ నికర ఆదాయం అక్షరాలు రూ. ప్రపంచ కుబేరుల జాబితాలో మొన్నటి వరకు మూడో స్థానంలో నిలిచిన గౌతమ్ అదానీ ఇప్పుడు మరో మెట్టు పైకి ఎక్కారు.

Adani Group chairman Gautam Adani surpassed LVMH chairman and CEO Bernard Arnault Friday and is now the world's second-richest person with a net worth of ...

Renewable energy is another big play: Adani’s utility firm Adani New Industries has announced it will invest more than [$50 billion](https://www.forbes.com/sites/yessarrosendar/2022/06/14/billionaire-gautam-adani-teams-up-with-totalenergies-and-will-invest-50-billion-for-green-hydrogen-push/?sh=6826d7147567) in developing green energy over the next 10 years. Tesla CEO [Elon Musk](https://protect-us.mimecast.com/s/oZglCDkwn3sgMJZkcl-S_N?domain=forbes.com) remains the world’s richest person with a net worth of $273.5 billion. Renewable energy firm Adani Green Energy also saw its share nearly doubling in the past year to 2,343.05 rupees ($29.2). Adani Group’s AMG Media Networks (AMNL) In this deal, Adani Group will acquire shares in two listed cement companies-a 63.11% stake in Ambuja Cement and a 54.53% stake in ACC. Shares of of his Adani Power have soared threefold in the past year to 398.4 rupees ($4.9) in response to the rising demand for electricity. [bought](https://www.forbes.com/sites/jonathanburgos/2022/08/24/asias-richest-man-gautam-adani-seeks-majority-stake-in-indias-ndtv/?sh=25b54bdf7276) Vishvapradhan Commercial for 1.14 billion rupees ($14.3 million), giving it a 29.2% stake in NDTV. Adani became Asia’s richest person in [Holcim Group](https://www.forbes.com/sites/simranvaswani/2022/05/16/adani-group-to-acquire-holcims-india-business-in-105-billion-deal/?sh=c06bb3970046). These transactions, for which open offers were concluded last week, would make Adani India’s second-biggest cement producer. Arnault, whose fortune is $300 million behind Adani's at $155.2 billion, slipped to No.3. [Gautam Adani](https://protect-us.mimecast.com/s/agSjCyPpgLf9J23RcZ-EvI?domain=forbes.com) surpassed LVMH chairman and CEO [Bernard Arnault](https://protect-us.mimecast.com/s/hanWCzpqjMfJnwzAUXiRFF?domain=forbes.com) Friday and is now the world's second-richest person with a net worth of $155.5 billion on [Forbes’ Real-Time billionaire rankings](https://protect-us.mimecast.com/s/_1nPCAD8k3t7Vl5zF9X2vU?domain=forbes.com), increasing $5.2 billion or 3.49% from yesterday.

business newsGautam Adani: గౌతమ్ అదానీ అనుకున్నది సాధించేశారు. కనీసం రిలయన్స్ అధినేత ముకేశ్ ...

ఈ క్యాలెండర్ ఇయర్లో అదానీ సంపద 72.4 బిలియన్ డాలర్ల వరకు ఎగిసింది. ఈ క్యాలెండర్ ఇయర్లో అదానీ గ్రూప్ స్టాక్స్లో నాలుగు కంపెనీలు రెండింతలకు పైగా పెరిగాయి. ఈయన సంపద 149.7 బిలియన్ డాలర్లకు దిగొచ్చింది. Also Read : ఈయన కుటుంబ నికర సంపద సుమారు 155.2 బిలియన్ డాలర్లుగా ఉన్నట్టు ఫోర్బ్స్ తెలిపింది. అదానీ గ్రూప్ స్టాక్స్ భారీగా ర్యాలీ చేస్తుండటంతో గౌతమ్ అదానీ సంపద కూడా ఉవ్వెత్తున ఎగిసింది.

Gautam Adani overtakes Bernard Arnault to become world's second richest man . ഗൗതം അദാനി ലോകത്തിലെ രണ്ടാമത്തെ ...

അദ്ദേഹത്തിന്റെ മൊത്തം ആസ്തി 91.9 ബില്യണ് ഡോളറാണ്. ഇലോണ് മസ്കിന്റെ ആസ്തി 273.5 ബില്യണ് ഡോളറാണ്. റിപ്പോര്ട്ട് പ്രകാരം, ഗൗതം അദാനിയുടെ ആസ്തി 153.9 ബില്യണ് ഡോളറാണ്. 580 ബില്യണ് ആണ് ഇതിന് വരുന്ന ചെലവ്. അര്നോള്ട്ടിന്റെ ആസ്തി 153.7 ബില്യണ് ഡോളറായിരുന്നു. ലൂയി വിറ്റണിന്റെ ബെര്ണാഡ് അര്നോള്ട്ടിനെ (Bernard Arnault) പിന്തള്ളിയാണ് ഇന്ത്യയിലെ മുന്നിര കോടീശ്വരന്മാരില് ഒരാളായ ഗൗതം അദാനിയുടെ ഈ നേട്ടം.

Adani Group chairman Gautam Adani, who is now the wealthiest India, also pipped Bernard Arnault and Jeff Bezos to become the second richest person in the ...

“I would like to thank our 10,700 Indian colleagues who have played an essential role in the development of our business over the years with their relentless dedication and expertise. [Business News](/news), [Breaking News](/breakingnewslist.cms)Events and [Latest News](/news/latest-news)Updates on [The Economic Times](/).) Ambuja owns a 50.05% interest in ACC. [Video, Audio & Book Apps may have to Pay only 6% Commission](/epaper/delhicapital/2022/sep/16/et-front/video-audio-book-apps-may-have-to-pay-only-6-commission/articleshow/94233137.cms) [Expenditure for FY23 may go up by ₹50kcr](/epaper/delhicapital/2022/sep/16/et-front/expenditure-for-fy23-may-go-up-by-50kcr/articleshow/94233139.cms) [Adani Group](/topic/adani-group)on Friday completed the acquisition of [Ambuja Cements](/topic/ambuja-cements)and its subsidiary [ACC Ltd](/topic/acc-ltd)from Switzerland’s [Holcim](/topic/holcim)Group for $6.4 billion.

Adani family, through their special purpose vehicle Endeavour Trade and Investment Ltd, completed the acquisition after completing the transaction with Swiss ...

This will equip Ambuja to capture the growth in the market," it said. Post the transaction, Adani will hold 63.15 per cent stake in Ambuja Cements and 56.69 per cent in ACC (of which 50.05 per cent is held through Ambuja Cements). The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is USD 6.50 billion, which makes this the largest ever acquisition by Adani, and also India's largest ever M&A transaction in the infrastructure and materials space, it added.

The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations.

Adani owes its success and leadership position to its core philosophy of ‘Nation Building’ and ‘Growth with Goodness’ – a guiding principle for sustainable growth. Headquartered in Ahmedabad, India, the Adani Group is the largest and fastest-growing portfolio of diversified businesses in India with interests in Logistics (seaports, airports, logistics, shipping and rail), Resources, Power Generation and Distribution, Renewable Energy, Gas and Infrastructure, Agro (commodities, edible oil, food products, cold storage and grain silos), Real Estate, Public Transport Infrastructure, Consumer Finance and Defence, and other sectors. In line with the Adani Portfolio’s governance philosophy, the board committees of both Ambuja Cements and ACC have been reconstituted. Post the transaction, Adani will hold 63.15% in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements). Both Ambuja Cements and ACC will benefit from synergies with the integrated Adani infrastructure platform, especially in the areas of raw material, renewable power and logistics, where Adani Portfolio companies have vast experience and deep expertise. The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations.

The Adani group ventured into cement-making operations earlier this year with its $10.5 billion acquisition of Holcim AG's cement businesses in India ...

[Adani Ports](https://www.financialexpress.com/market/stock-market/adani-ports-and-special-economic-zone-ltd-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral) and Special Economic Zone, became the chairman effective Friday, ACC said in a statement. [ACC Ltd](https://www.financialexpress.com/market/stock-market/acc-ltd-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral) said on Friday that Karan Adani, son of India’s richest man Gautam Adani, was named chairman of its board, as the Adani conglomerate expands its presence beyond power generation and infrastructure. [Adani Ports, PVR, Tata Power, UPL, Reliance, BPCL, Ami Lifesciences stocks in focus on 16 September 2022](https://www.financialexpress.com/market/stocks-to-watch-adani-ports-pvr-tata-power-upl-reliance-bpcl-ami-lifesciences-stocks-in-focus-on-16-september-2022/2668803/)

The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is $6.50 billion, which makes this the largest ever acquisition by ...

[Ambuja](/topic/ambuja)Cements Ltd and [ACC](/topic/acc)Ltd. [infrastructure](/topic/infrastructure)and materials space. Post the transaction, Adani will hold 63.15% in Ambuja Cements and 56.69% in ACC (of which 50.05% is held through Ambuja Cements).

Adani group becomes the second largest cement maker in the country after completing its acquisition of Ambuja Cements and ACC on Friday.

This will equip Ambuja to capture the growth in the market," the statement said. Over 10,700 people are employed by the 31 cement manufacturing sites that Ambuja and ACC jointly own. "The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations," it said.

“What makes cement an exciting business is headroom for growth in India which exceeds that of every other country well beyond 2050. Cement is a game of ...

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Barclays Bank, DBS Bank, Deutsche Bank, MUFG Bank, and Standard Chartered Bank acted as mandated lead arrangers and bookrunners to the transaction. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Barclays Bank, Deutsche Bank AG, and Standard Chartered Bank acted as original mandated lead arrangers and bookrunners to the transaction. In addition, our position as one of the largest renewable energy [companies](/companies)in the world will help us manufacture premium quality green cement well in line with the principles of a circular economy. [What UltraTech and JSW Cement plan to do after losing Holcim deal to Adani](/article/companies/what-ultratech-and-jsw-cement-plan-to-do-after-losing-holcim-deal-to-adani-122051601245_1.html) [Ambuja-ACC deal: Cost synergies seem to justify premium deal valuation](/article/companies/ambuja-acc-deal-cost-synergies-seem-to-justify-premium-deal-valuation-122051601285_1.html) [Adani-Holcim deal may trigger consolidation in cement industry: Experts](/article/companies/adani-holcim-deal-may-trigger-consolidation-in-cement-industry-experts-122051601192_1.html) [No capital gains tax on Ambuja, ACC sale to Adani Group: Holcim CEO](/article/companies/no-capital-gains-tax-on-ambuja-acc-sale-to-adani-group-holcim-ceo-122051601116_1.html) [ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot](/article/companies/acc-ambuja-to-ramp-up-capacity-as-adani-vies-with-ultratech-for-top-slot-122051601106_1.html) [Adani group](/topic/adani-group)promoter entity, to raise an additional Rs 20,000 crore. Each one of these capabilities is a core business for us and therefore, provides our cement business a set of unmatched adjacencies,” said Gautam Adani, chairman of the [Adani group](/topic/adani-group). The MD and CEO of ACC Sridhar Balakrishnan was re-designated as whole time director and CEO. Cement is a game of economics dependent on energy costs, logistics and distribution costs, and the ability to leverage a digital platform to transform production, as well as gain significant supply chain efficiencies. All of these dimensions put us on track to become the largest and most efficient manufacturer of cement by no later than 2030,” Adani said.

दुनिया के दूसरे सबसे अमीर व्यक्ति गौतम अडानी (Gautam Adani) के बड़े बेटे करण अडानी (Karan Adani) ...

गौतम अडानी के बेटे करण संभालेंगे अडानी ग्रुप का यह नया कारोबार गौतम अडानी के बेटे करण संभालेंगे अडानी ग्रुप का यह नया कारोबार! [हिंदी न्यूज़](/) [बिजनेस](/business/)गौतम अडानी के बेटे करण संभालेंगे अडानी ग्रुप का यह नया कारोबार!

Adani family, through their special purpose vehicle Endeavour Trade and Investment Ltd, completed the acquisition after completing the transaction with Swiss ...

This will equip Ambuja to capture the growth in the market," it said. Gautam Adani said: "What makes cement an exciting business is the headroom for growth in India, which exceeds that of every other country well beyond 2050." The value of the Holcim stake and open offer consideration for Ambuja Cements and ACC is $6.50 billion, which makes this the largest ever acquisition by Adani, and also India's largest ever M&A transaction in the infrastructure and materials space, it added.

Having completed the deal with Holcim, Gautam Adani and his son Karan Adani of the Adani Group have taken over the reins of Ambuja Cements and decided to ...

The anti-competition body has levied a fine of ₹1,164 crore on Ambuja Cement and ₹1,148 crore on ACC for indulging in an alleged price cartelistion case. Both ACC and Ambuja Cements have changed their accounting period to financial year April to March from the existing January to December Gautam Adani will take over as the Chairman of Ambuja Cements while his son Karan Adani will become an executive director. Designation of incumbent Managing Director and CEO Sridhar Balakrishnan has been changed to CEO and whole-time director. Karan Adani will take over as Chairman of ACC while Vinay Prakash and Arun Kumar Anand have been appointed as executive directors. Adani Group has paid ₹51,200 crore ($6.4 billion) to Switzerland-headquartered Holcim on Friday to acquire controlling stake in Ambuja Cement and ACC.

Gautam Adani's Group has completed the acquisition of major cement players, Ambuja Cements and ACC. The Group has now become the second largest cement ...

The Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd ...

In line with the Adani Portfolio's governance philosophy, the board committees of both Ambuja Cements and ACC have been reconstituted. Ambuja and ACC will also benefit from Adani's focus on ESG, circular economy and capital management philosophy. Currently, Ambuja Cements and ACC have a combined installed production capacity of 67.5 MTPA. The actions will significantly accelerate value creation for all stakeholders, in line with the Adani Group's business philosophy. In addition, our position as one of the largest renewable energy companies in the world will help us manufacture premium quality green cement well in line with the principles of a circular economy. Each one of these capabilities is a core business for us and therefore provides our cement business a set of unmatched adjacencies.

Gautam Adani News: दुनिया के दूसरे सबसे अमीर व्यक्ति गौतम अडानी के बड़े बेटे करण अडानी ग्रुप ...

अब अडानी ग्रुप देश का दूसरा सबसे बड़ा सीमेंट उत्पादक बन गया. दरअसल, अडानी ग्रुप ने अंबुजा सीमेंट्स और एसीसी लि. रॉयटर्स की एक रिपोर्ट के अनुसार, भारतीय सीमेंट निर्माता एसीसी लिमिटेड ने शुक्रवार को कहा कि उसने भारतीय अरबपति गौतम अडानी के बेटे करण अदानी को अपने बोर्ड का अध्यक्ष नियुक्त किया है.

The 35-year-old reclusive Karan Adani, elder son of billionaire Gautam Adani, has bagged two key posts in the new cement business, which the Group, ...

RECOMMENDED Since Karan took over as CEO in January 2016, the company has been on a transformational path. The combined market capitalisation of Ambuja Cements and ACC is $19 billion. Additionally, he has been appointed as the non-executive chairman in ACC. So far, Karan Adani has been honing his skills at the Rs 15,934 crore port business, which is the largest commercial port which handles nearly one-fourth of the country's cargo. Sources familiar with the development have confirmed that Karan Adani has been appointed as non-executive director of Ambuja Cement.

The group acquired Switzerland-based Holcim's 63.1% stake in Ambuja Cements and 54.5% holding in ACC Limited.

We request you to support our award-winning journalism by making a financial contribution towards the Scroll Ground Reporting Fund. “The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI [Securities and Exchange Board of India] regulations.” “What makes cement an exciting business is a headroom for growth in India, which exceeds that of every other country well beyond 2050,” Adani said in a statement. He had started the year as number 14 on the Bloomberg Billionaires Index. [Ultratech Cement](https://www.livemint.com/companies/news/adani-group-now-the-2nd-largest-cement-player-as-acquisition-of-ambuja-cements-acc-completes-11663329343722.html) is the largest player with a market valuation of over Rs 1.87 lakh crore, according to Mint. The acquisition of Ambuja Cements and ACC is the largest acquisition ever by the Adani Group, and India’s largest ever in the infrastructure and materials space.

In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India.

This will equip Ambuja to capture the growth in the market," it said. Currently, Ambuja Cements and ACC have a combined installed production capacity of 67.5 million tonnes per annum (MTPA). In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India.

Mumbai: The Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja ...

According to the data from the Bloomberg index, Adani has added $72.5 billion to his wealth as his fortunes topped the $150 billion mark on Friday. Among other gainers, French logistics leader Rodolphe Saade and family and Swiss-Fintech mogul Guillaume ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [NSE -1.16 %](/adani-wilmar-ltd/stocks/companyid-16234.cms), rising 213 per cent, making its debut in February 2022 at the bourses. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) [NSE -1.16 %](/adani-green-energy-ltd/stocks/companyid-64847.cms)and Adani Port & SEZ are up by 76 per cent and 33 per cent on a YTD basis. The eight other billionaires have lost between $6 billion to $42 billion. Among other gainers, French logistics leader Rodolphe Saade and family and Swiss-Fintech mogul Guillaume Pousaz have added $12.4 billion and $11.7 billion in the current calendar. [NSE -2.87 %](/adani-power-ltd/stocks/companyid-23479.cms)(up 299 per cent), [NSE -0.26 %](/adani-transmission-ltd/stocks/companyid-57724.cms)(up 137 per cent ), [NSE -1.24 %](/adani-enterprises-ltd/stocks/companyid-9074.cms)(up 119 per cent) and [NSE -2.01 %](/adani-total-gas-ltd/stocks/companyid-32503.cms)(up 110 per cent) are other multibagger stocks from the Adani Group. [NSE 4.97 %](/d-b-realty-ltd/stocks/companyid-20813.cms), [NSE -4.79 %](/new-delhi-television-ltd/stocks/companyid-16783.cms), Quintillion Media, and [NSE -3.47 %](/sadbhav-infrastructure-project-ltd/stocks/companyid-30247.cms), other than a team in UAE's T-20 cricket league and multiple airports and shipping ports. [Video, Audio & Book Apps may have to Pay only 6% Commission](/epaper/delhicapital/2022/sep/16/et-front/video-audio-book-apps-may-have-to-pay-only-6-commission/articleshow/94233137.cms) [Expenditure for FY23 may go up by ₹50kcr](/epaper/delhicapital/2022/sep/16/et-front/expenditure-for-fy23-may-go-up-by-50kcr/articleshow/94233139.cms) [Mukesh Ambani](/panache/panache-people-101/mukesh-ambani/profileshow/79551066.cms), the chairperson of [NSE -2.48 %](/reliance-industries-ltd/stocks/companyid-13215.cms), managed to increase his wealth on a year-to-date basis. [Gautam Adani](/panache/panache-people-101/gautam-adani/profileshow/79680069.cms)pipped global wealth magnates [Bernard Arnault](/panache/panache-people-101/bernard-arnault/profileshow/79679257.cms)and [Jeff Bezos](/panache/panache-people-101/jeff-bezos/profileshow/79278871.cms)to become the second richest man on the planet.

35 वर्षीय करण, फिलहाल अडानी पोर्ट्स एंड स्पेशल इकोनॉमिक जोन लिमिटेड के चीफ ...

Shares in the flagship Adani Enterprises -- of which the billionaire owns 75 percent -- have soared more than 2700 percent since March 2020, and doubled in ...

Last Updated: 16th September 2022 08:18 PM Published: 16th September 2022 08:18 PM Shares in the flagship Adani Enterprises -- of which the billionaire owns 75 percent -- have soared more than 2,700 percent since March 2020, and doubled in value in the past six months.

Soon after Adani's takeover, the two cement firms announced the resignation of their board of directors, including the CEOs and CFOs.

"The Audit Committee and the Nomination & Remuneration Committee now comprise 100 per cent independent directors. It named Ajay Kumar as the new CEO of Ambuja Cement in place of Neeraj Akhoury and Sridhar Balakrishnan for ACC. All of these dimensions put us on track to become the largest and most efficient manufacturer of cement by no later than 2030," he said. However, the open offer, which closed on September 10, got a mild response from investors. The actions will significantly accelerate value creation for all stakeholders, in line with the Adani Group's business philosophy," it noted. His son Karan, who currently heads the group's ports business, was named a director of both the cement firms.

The transaction involved the acquisition of Holcim's stake in Ambuja and ACC along with an open offer in both the entities.

In addition, our position as one of the largest renewable energy companies in the world will help us manufacture premium quality green cement well in line with the principles of a circular economy. The appointments followed a spate of resignations at both ACC and Ambuja. “What makes cement an exciting business is the headroom for growth in India, which exceeds that of every other country well beyond 2050. It named Ajay Kumar as the new CEO of Ambuja Cement in place of Neeraj Akhoury and Sridhar Balakrishnan for ACC. These include former State Bank of India (SBI) chairman Rajnish Kumar on the Ambuja Cement board and former Shell India head Nitin Shukla on the ACC board. Ambuja Cements will issue 477.48 million warrants to Harmonia Trade on a preferential basis, constituting 19.39% of share capital (post issue) at Rs 418.87 each.

Excluding ACC and Ambuja Cement, the Adani Group's market capitalisation has increased by nearly ₹10.16 lakh crore this year thanks to the sharp run-up in ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [Holcim](/topic/holcim)said that the group had closed the sale of its business in India to the Adani Group for $ 6.4 billion. Indian equities tumbled close to 2% on Friday, tracking weakness in global markets, as stronger-than-expected economic readings in the US raised expectations of aggressive rate increases by the American central bank at next week’s policy meeting. On Friday, the nine listed firms of Adani group lost overall ₹40,000 crore market cap while Tata Group's market cap declined by nearly ₹60,000 crore. The combined market capitalisation of the Adani Group, including the newly-acquired Ambuja and ACC, stood at ₹22.25 lakh crore as on Friday. The completion of the acquisition of Ambuja Cement and

Adani brought back former Ambuja Cement CEO and managing director Ajay Kapur to lead the company in the same role, taking over from Neeraj Akhoury.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Indian equities tumbled close to 2% on Friday, tracking weakness in global markets, as stronger-than-expected economic readings in the US raised expectations of aggressive rate increases by the American central bank at next week’s policy meeting. Adani brought back former Ambuja Cement CEO and managing director Ajay Kapur to lead the company in the same role, taking over from Neeraj Akhoury. The rest of the sum is to be paid for shares surrendered during an open offer. The board overhauls conclude a speedy takeover of the Indian cement business of Switzerland's His son Karan Adani will chair the board of ACC. "What makes cement an exciting business is the headroom for growth in India, which exceeds that of every other country well beyond 2050," Adani Group chairman Gautam Adani said in a statement, explaining the bulge-bracket investment by the conglomerate. The Adanis, which overhauled the boards of the two listed entities to reflect the biggest takeover in India's infrastructure sector, would infuse Rs 20,000 crore into Ambuja Cements through a preferential allotment of shares. About $6.4 billion were paid to Holcim for its entire 63.11% stake in Ambuja Cement and 4.48% direct stake in ACC. It has gained over 40% since the deal between the Adani Group and Holcim was announced. The deal was announced four months ago, on May 15. "Cement is a game of economics dependent on energy costs, logistics and distribution costs, and the ability to leverage a digital platform to transform production as well as gain significant supply chain efficiencies," Adani said.

Adani's net worth stands at $156 billion as on Friday, leaving behind Amazon's Jeff Bezos.

Reacting to the CreditSights report, Adani Group said the debt levels of the Group is well within the industry standards and is being monitored for deleveraging at regular intervals. “Over the past few years, the Adani Group has pursued an aggressive expansion plan that has pressurized its credit metrics and cash flows. Adani has consistently been hitting the headlines by acquiring unrelated businesses such as media, energy and transportation. On Friday, Adani Group paid ₹51,200 crore ($6.4 billion) to Switzerland-headquartered Holcim to acquire controlling stake in Ambuja Cement and ACC. Overall, we remain cautiously watchful of the Group’s growing expansion appetite, which is largely debt-funded,” it said. Ambuja Cement registered a market cap of $12.85 billion, while that of ACC’s was $6.06 billion on Friday.

गौतम अडानी दुनिया के दूसरे सबसे अमीर शख्स बन गए हैं। उन्होंने अमेजन के मालिक जेफ बेजोस ...

Gautam Adani Networth: गौतम अडानी दुनिया के दूसरे सबसे अमीर शख्स बन गए हैं। उन्होंने अमेजन के मालिक जेफ बेजोस को पछाड़ कर यह तमगा अपने नाम किया है। ब्लूमबर्ग बिलियनेयर्स इंडेक्स के मुताबिक, यह फेरबदल पिछले 24 घंटों में हुआ है। इस वक्त बेजोस और अडानी की संपत्ति लगभग बराबर है। दरअसल, अडानी की संपत्ति पिछले एक दिन में 2.12 अरब डाॅलर घटा है तो जेफ बेजोस की संपत्ति 2.74 अरब डाॅलर घटी है। अब इन दोनों अरबपतियों की संपत्ति 147 अरब डाॅलर है। ब्लूमबर्ग बिलियनेयर्स इंडेक्स लिस्ट में अडानी दूसरे नंबर पर और बेजोस तीसरे नंबर पर आ गए हैं। आपको बता दें कि फोर्ब्स बिलियनेयर्स इंडेक्स में गौतम अडानी तीसरे पायदान पर आ गए हैं। कल दूसरे नंबर पर थे। गौतम अडानी ने अब दुनिया के दूसरे सबसे अमीर शख्स जेफ बेजोस को पछाड़ा, इतनी हो गई संपत्ति [हिंदी न्यूज़](/) [बिजनेस](/business/)गौतम अडानी ने अब दुनिया के दूसरे सबसे अमीर शख्स जेफ बेजोस को पछाड़ा, इतनी हो गई संपत्ति

Gautam Adani: గౌతమ్ అదానీకి ఈ శుక్రవారం బాగా కలిసి వచ్చింది. ఒకవైపు అదానీ గ్రూప్ కంపెనీల ...

అదానీ గ్రూప్ సిమెంట్ వ్యాపారాల్లోకి ప్రవేశించింది. అదానీ గ్రూప్ కంపెనీలు బీట్ చేసిన టాటా గ్రూప్కి మార్కెట్లో 27 కంపెనీలు లిస్ట్ అయి ఉన్నాయి. రిలయన్స్ గ్రూప్ కంపెనీల మార్కెట్ వాల్యూ శుక్రవారం రూ.17.16 లక్షల కోట్లుగా నమోదైంది. మూడేళ్లలోనే రిలయన్స్ గ్రూప్ వాల్యూ 77 శాతం పెరిగింది. మరోవైపు స్విట్జర్లాండ్కి చెందిన హోల్సిమ్ భారత ఆస్తులైన అంబుజా సిమెంట్స్, ఏసీసీల కొనుగోలు ప్రక్రియను అదానీ గ్రూప్ పూర్తి చేసింది. టాటా గ్రూప్ 154 ఏళ్ల నుంచి పలు వ్యాపారాల్లో ఉంది. అదానీ గ్రూప్ కంపెనీలు శుక్రవారం చేసిన ర్యాలీతో.. అదానీ ఎంటర్ప్రైజస్ 116.6 శాతం, అదానీ గ్రీన్ 74.1 శాతం లాభపడ్డాయి. తాజాగా టాటా గ్రూప్ కొత్త ఇండస్ట్రీలపై కూడా ఫోకస్ చేస్తోంది. అదానీ పవర్ 288.9 శాతం, అదానీ ట్రాన్స్మిషన్ 135.2 శాతం లాభాలు పండించాయి. ఫోర్బ్స్ రియల్ టైమ్ బిలీనియర్స్ జాబితా ప్రకారం గౌతమ్ అదానీ సంపద శుక్రవారం 155.7 బిలియన్ డాలర్లకు పెరిగింది. ఫోర్బ్స్ విడుదల చేసిన డేటాలో అదానీ సంపద నిన్న ఒక్క రోజే 5.5 బిలియన్ డాలర్లు పెరిగింది.

అదానీ గ్రూప్ ప్రస్తుతం దేశంలోనే అత్యంత విలువైన వ్యాపార సమూహంగా మారింది.

అదానీ గ్రూప్ వేగంగా అభివృద్ధి చెందింది. 2000 సంవత్సరంలో, సింగపూర్ ఆధారిత కంపెనీ విల్మార్ ఇంటర్నేషనల్తో కలిసి అదానీ గ్రూప్ అదానీ విల్మార్ను ఏర్పాటు చేసింది. అదానీ గ్రూప్ థర్మల్, పునరుత్పాదక విద్యుత్ ఉత్పత్తి ప్రాజెక్టులను ఏర్పాటు చేసింది. గత కొన్ని సంవత్సరాలుగా అదానీ గ్రూప్ మార్కెట్ క్యాప్ రాకెట్ వేగంతో దూసుకపోతోంది. శుక్రవారం మార్కెట్ ముగిసిన తర్వాత టాటా గ్రూప్ మార్కెట్ క్యాప్ రూ.20.7 లక్షల కోట్లకు చేరింది. ఈ గ్రూప్ మార్కెట్ క్యాప్ రూ.

இந்திய வர்த்தகச் சந்தையில் ரிலையன்ஸ் இண்டஸ்ட்ரீஸ் மற்றும் அதானி குழுமம் பல ...

ஏசிசி மற்றும் அம்புஜா சிமென்ட் தவிர்த்து, அதானி குழுமத்தின் சந்தை மதிப்பீடு இந்த ஆண்டுக் கிட்டத்தட்ட 10.16 லட்சம் கோடி ரூபாய் அதிகரித்துள்ளது. 3வது இடத்தில் 17.07 லட்சம் கோடி ரூபாய் மதிப்புடன் ரிலையன்ஸ் இண்டஸ்ட்ரீஸ் உள்ளது. வெள்ளிக்கிழமை வர்த்தக முடிவில் அதானி குழும நிறுவனங்களின் மொத்த சந்தை மதிப்பு 22.25 லட்சம் கோடி ரூபாயாக உயர்ந்துள்ளது, இதேபோல் டாடா குழும நிறுவனங்களின் மொத்த சந்தை மதிப்பு 20.81 லட்சம் கோடி ரூபாய். அதானி Vs டாடா இதேபோல் டாடா குரூப் நிறுவனங்களின் சந்தை மதிப்பு 60000 கோடி ரூபாயை இழந்தது. இந்த நிலையில் ரிலையன்ஸ் இண்டஸ்ட்ரீஸ் மற்றும் அதானி குழுமம் மத்தியிலான போட்டியில் பல தசாப்தங்களாக டாடா குழுமம் தக்க வைத்திருந்த முதல் இடத்தை இழந்துள்ளது.