Is Adani Group emerging as the next Tatas?
Gautam Adani is trying to significantly expand his conglomerate. But why is he pursuing such a strategy, when large diversified conglomerates continue to be seen as dinosaurs in the West?
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When asked about the logic behind NDTV’s takeover, Gautam Adani is reported to have said that he wants to build a global news brand. Asia’s richest man is also planning to roll out a super app soon. He is also raising over 2.5 billion dollars through an FPO to fund his green and digital ambitions. A cursory look at announcements made by Adani in the last 15 days clearly points towards one trend -- that he is trying to significantly expand his conglomerate. But why is Adani pursuing such a strategy, especially when large, diversified conglomerates continue to be seen as dinosaurs in the West?
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First Published: Nov 30 2022 | 12:53 PM IST