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

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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 debt ratios.

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

“At least five units will be ready to go to the market in the next three to five years,” Adani Group CFO Jugeshinder Singh said in an interview. Adani New Industries, Adani Airport Holdings, Adani Road Transport, AdaniConnex Pvt and the group’s metals and mining units would be independent units, he said...

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