[ad_1]
The 60-year-old has built his fortune as the country’s largest private sector port and airport operator, city gas distributor and coal miner. He is now venturing into telecom, media, alumina and renewable energy.
Acquisition of Swiss company Holcim Ltd.’s stake in Ambuja Cements Ltd. and ACC Ltd. in a $10.5 billion deal catapulted Adani to second largest cement maker position in the country.
Holcim has sold 63.11% stake in Ambuja Cements, which owns a 50.05% interest in ACC as well as its 4.48% direct stake in ACC.
In the past one month, share price of Ambuja Cements has zoomed 30%, whereas ACC’s rose nearly 15%.
He became the first Asian person to make it to the exclusive club of top three richest persons list in the Forbes Billionaire Index.
The Indian tycoon surpassed Amazon founder Jeff Bezos for a short span and was trailing behind Tesla and SpaceX founder Elon Musk, whose net worth stood at $273.5 billion, according to Forbes.
[ad_2]
Image and article originally from www.bqprime.com. Read the original article here.