Gautam Adani is searching for new group M&A chief, says report

Asia’s richest man Gautam Adani is scouting for a new leader for his mergers and acquisitions strategy as the incumbent will soon take a new role within the group, according to people familiar with the matter.

Vinod Bahety, who’s been helming Adani Enterprises Ltd.’s M&A activity, will move to a new business vertical and a formal announcement could come as soon as this month, the people said. Adani Group has reached out to potential candidates for the job as the ports-to-power conglomerate is looking to expedite its dealmaking, said the people, who asked not to be identified as the information is private.