Adani eyes Gujarat Gas stake buy

Adani eyes Gujarat Gas stake buy

The Adani Group, a global integrated infrastructure player, on Thursday, said it is evaluating the potential acquisition of BG India’s stake in Gujarat Gas.

Adani spokesman Ameet Desai said the Group has evinced an interest in the acquisition of 65 per cent stake in Gujarat Gas — a Western India-focussed gas distribution company — currently held by BG India, which is a unit of the British Oil & Gas company.

Desai said Adani’s holding company also plans to sell its real estate business, which will be taken over by the group’s founding family.

Meanwhile, the group unveiled its new corporate brand identity, which will now focus on three clusters of its businesses such as resources, logistics and energy.  The logic behind the new brand is encapsulated in the phrase ‘Thinking big. Doing better’.

Adani Group Chairman Gautam Adani said “the new corporate identity captures the Adani Group’s journey from its humble beginnings in Ahmedabad to its current global presence with mining assets in Australia and Indonesia.”

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