Asia’s richest man plans IPO for at least five companies

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. (Photo by INDRANIL MUKHERJEE / AFP)

NEW DELHI: Asia’s richest man, Gautam Adani, plans to sell shares to the public in at least five companies between 2026 and 2028, helping the port-to-power conglomerate improve its debt ratios and broaden its investor base.

“At least five units will be ready for initial public offering (IPO) in the next three to five years,” Jugeshinder Singh, Adani Group chief financial officer said in an interview.