Gautam Adani, the country’s second richest and well-known industrialist, is preparing to bring an IPO for his business group’s airport unit. According to the latest report by Bloomberg, Adani Group is planning to list its airport holdings company in the stock market by 2027. There is a possibility of raising equity of about $ 1 billion through this IPO, which the group will use for investment in various businesses in the coming years. Adani Airport Holdings is one of the largest private sector airport operators in India and is currently operating eight airports. The group also has a plan that a new terminal will soon be opened on the outskirts of Mumbai, which will increase their airports’ capacity even further.
Capital Expenditure Plan of $ 100 billion
The Adani Group, headed by Gautam Adani, has prepared a roadmap for a huge capital expenditure of $ 100 billion in the next five to six years. The focus of this investment will be on strengthening and expanding major sectors such as energy, logistics and infrastructure. The amount raised from the IPO will be part of this expansion scheme.
Previous controversies and challenges
However, the Adani Group has also faced some major challenges in recent years. In 2023, Hindonburg Research made serious allegations of fraud on the group, after which the company’s shares saw a decline. In addition, in November last year, the US Justice Department accused Gautam Adani and his nephew of bribery, affecting the price of the company’s shares in the stock market. However, the Adani Group has categorically denied these allegations and continued its business operations.
Business relations are strengthened by China tour
Amidst all these controversies, Gautam Adani recently visited China, which was his first foreign trip following allegations in the US. The main objective of this visit was to strengthen business relations consisting of industrial equipment and solar module manufacturers. The Adani Group is building a large solar park in Gujarat and China is the largest exporter of solar modules and solar cells. This partnership will help the group to strengthen and strengthen their grip in the solar power sector.
Gautam Adani’s decision to bring IPO of airport unit is part of his huge expansion and investment strategy. The possibility of this unit entering the stock market by 2027 will help the Adani Group raise capital, which will lead them further to their energy, infrastructure and logistics businesses. Although legal and financial challenges remain in front of the company, the Adani Group seems to be confident about its expansion plans.
