Gautam Adani, one of India’s richest men, is expanding his business in a number of sectors and is planning to enter the retail business like Mukesh Ambani.
As a first step, Flipkart recently acquired its online ticketing and travel site, Cleartrip. Gautam Adani is currently investing in this company.
Gautam Adani
The Adani Group, headed by Gautam Adani, has agreed to acquire a very limited stake in Cleartrip in a bid to enter the online retail business. The stock exchange is expected to close in November.
Online retail market
The acquisition will not only enable the management to gain an understanding of the online retail market, but also to invest in Flipkart in the future.
Air passengers
While the Adani Group has recently taken over a large number of airports, it has a large dominance in the sector. The Adani Group is set to receive more revenue from airport management as the number of air passengers begins to increase after the Corona infection.
Many favorable opportunity
In this case, the investment made by Cleartrip will help to stabilize the business. For example, at a time when the number of passengers at the airport is declining, the Adani Group can increase the number of passengers by offering concessions through Cleartrip. There are many such positive opportunities.
Flipkart project
Flipkart is expanding its business in India across a number of sectors to cope with the newcomers in the Indian online retail market with Amazon, Geo and the upcoming Tata. As part of this, Cleartrip acquired the company a few months ago. Not only this, it is setting up fulfillment centers in many 2nd tier cities across India.
Walmart
Flipkart currently operates on the investment of Walmart, the largest retail company in the United States. Walmart, which could not land directly in India, has acquired a wholesale acquisition of Flipkart in order to reduce Amazon’s dominance and build its business in the Indian market.
Rs 15,000 crore .. grand investment plan .. Adani Action ..!
Gautam Adani, who is fast growing in the list of rich people to compete with Mukesh Ambani in India, is keen to expand his business and capture new company and business. In this situation, it has decided to mobilize new investment to create adequate financial resources for the new projects.
Corona infection
It is no exaggeration to say that all the big companies in India have embarked on a massive expansion plan after the corona infection. Especially Reliance Industries, Gautam Adani, Tata, Brahmal, Poonawala, Ola may be layered.
Gautam Adani
Adani Enterprises, headed by Gautam Adani, India’s second richest man, plans to raise a new $ 2 billion investment to expand its business.
Enterprises
To this end, the management of Gautam Adani-led Adani Enterprises is in talks with the world’s leading Sovereign and Wealth Fund companies and energy companies.
Foreign companies
Adani Enterprises is currently in talks with the Abu Dhabi Investment Authority, Qatar Investment Authority, BNP Paribas and Total Energies to raise up to $ 2 billion through share sales.
The goal
The investment is expected to grow the Adani Group, India’s largest energy and trading company. Shares of Adani Enterprises traded down 9.61 per cent at Rs 1,417.75 in today’s trade.
