Upon completion of the deal, which is subject to regulatory approvals, Adani Ports—controlled by billionaire Gautam Adani—said its global footprint will expand to 28 ports and terminals across 10 countries.
Gautam Adani’s fortune shrank by another US$10 billion on Monday pushing him down to the 8th spot on the list of the world’s richest people.
Global investment banks have cashed in on the Adani Group’s voracious appetite for debt. Now their client is accused of pulling off ‘the largest con in corporate history.’
The group’s founder Gautam Adani dropped to fourth on the list of the world’s richest people as the conglomerate’s listed companies continue to be hit by a selloff.