India’s Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group’s chief financial officer told Reuters.
The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh.
“The criteria is for these businesses to achieve a basic investment profile and experienced management by 2025-28, which is when we plan to demerge them,” he said. The company is betting big on its airport business and is aiming for it to become the largest services base in the country in the coming years, outside of government services, Singh said.
