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BUSINESS EYE SEPTEMBER 02, 2022 | The Indian Eye 36

With $138 billion, Gautam Adani climbs

to number-three place in global rich list

Adani Group’s flagship company says prior approval from SEBI is not required for

allotment of NDTV shares to its unit Vishvapradhan Commercial

OUR BUREAU ations - its journalism and would “
continue to proudly stand by that
Ahmedabad/New Delhi
journalism”.
usiness conglomerate Adani
Group’s chairman Gautam ADANI GROUP GETS
BAdani is now the world’s FRANCHISE IN LEGENDS
third-richest person after overtaking LEAGUE CRICKET
France’s Bernard Arnault accord-
ing to Bloomberg Billionaires Index. dani Group has made an-
With a total net worth of USD 137.4 other investment in fran-
billion, 60-year-old Adani has sur- Achise cricket as they named
passed the wealth of Louis Vuitton their newly acquired franchise in
chairman Arnault and is now just Legends League Cricket, Guja-
behind business magnate Elon Musk rat Giants.
and Jeff Bezos in the ranking. In the Legends League Cricket an-
latest Bloomberg Billionaires Index, nounced their tie-up with Adani
Reliance chief Mukesh Ambani is at Group to acquire a Franchise
number 11 with a total USD 91.9 bil- team in the League. With this
lion worth. investment, Adani group has
This is the first time an Asian made its 2nd investment in Fran-
person has broken into the top three chise Cricket. Adani Sportsline,
of the Bloomberg Billionaires Index. a company of Adani Group, re-
The index is a daily ranking of cently acquired a team in the
the world’s richest people. Details UAE T20 league. Pranav Adani,
about the calculations are provided Director of Adani Enterprises
in the net worth analysis on each bil- said, “For those of us who have
lionaire’s profile page. The figures lived through different eras of
are updated at the close of every Adani Group Chairman Gautam Adani (second from right) with his family (ANI) cricket, nothing stirs our passions
trading day in New York. like watching our favorites back
The net worth of Elon Musk and Meanwhile, Adani group’s flag- direct acquisition of 29.2 per cent in in action. These are giants of the
Jeff Bezos are currently at USD 251 bil- ship company Adani Enterprises on the broadcaster on Tuesday, along game and there is no doubt that
lion and USD 153 billion, respectively. Friday through a regulatory filing to with an offer to buy another 26 per the spiritual home of Legends
Adani is a first-generation entre- the stock exchanges said prior ap- cent from the open market. League Cricket is in India, in our
preneur and the Adani Group com- proval from market regulator Secu- Vishvapradhan Commercial, a fantastic cricket stadiums in front
prises of 7 publicly listed entities with rities and Exchange Bureau of India wholly owned subsidiary of AMG of our fantastic crowds. and we
businesses spanning energy, ports (SEBI) is not required for allotment Media Networks, the media arm of call our team of Legends as Gu-
and logistics, mining and resources, of NDTV shares to its unit Vish- Adani group has exercised the rights jarat Giants.”
gas, defense and aerospace and air- vapradhan Commercial. to acquire 99.5 per cent of the equi- He also talked about his ex-
ports. In each of its business areas, This comes after NDTV on ty shares of RRPR Holding Private citement to see the legends of the
the Group has established a leader- Thursday informed the stock ex- Limited, a promoter group compa- game back in action.
ship position in India. changes that its promoters are barred ny of NDTV. VCPL has exercised As per the recent announce-
The Adani Group is the third from accessing the securities market its rights reportedly based on a loan ment, Legends League Cricket
largest conglomerate (after Reliance until November 26, 2022, and thus agreement it entered with NDTV will start from Eden Gardens at
Industries and the Tata Group) in In- Adani Group would require the mar- founders Radhika and Prannoy Roy Kolkata followed by Lucknow,
dia. Listed Adani group companies ket regulator’s approval to acquire in 2009-10. New Delhi, Cuttack & Jodhpur.
are Adani Enterprises, Adani Green any stake in the news channel com- In a statement that came soon The Play-offs and finals are ex-
Energy, Adani Ports and Special Eco- pany. “The contentions raised by after Adani Group’s announcement pected to be in Dehradun.
nomic Zone, Adani Power, Adani RRPR (a promoter group company about the acquisition, NDTV said The tournament is scheduled
Total Gas, and Adani Transmission. of NDTV) in the Letter are baseless, that the move by an Adani group to be played from September 17
Over the past 5 years, flagship legally untenable and devoid of mer- subsidiary to acquire stake in it was to October 8 with the curtain rais-
company Adani Enterprises has in- it. RRPR is therefore bound to im- made without any “conversation” or er to be played in Kolkata on Sep-
vested heavily in new growth sectors mediately perform its obligation and “consent” and that its founders were tember 16, which is a special match
that include airports, cement, copper allot the equity shares as specified in made aware of the development on commemorating Azadi Ka Amrit
refining, data centers, green hydro- the Warrant Exercise Notice,” Adani the same day itself. Mahotsav, a celebration of the
gen, petrochemical refining, roads company’s exchange filing said. It added NDTV has “never com- 75th year of India’s independence.
and solar cell manufacturing. Adani group announced the in- promised” on the heart of its oper-

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