India's Adani Group plans to spin off its metals, mining, data center, airports, roads, and logistics businesses by 2028, while dismissing debt concerns.
According to Chief Financial Officer Jugeshinder Singh, the criteria is for these businesses to have a basic investment profile and experienced management by 2025–2028 when the company plans to demerge them.
The Adani Group is betting on its airport business and aiming that it becomes the largest in India outside of government services in the coming years.
The Adani Group has spun off its power, coal, transmission, and green energy businesses in recent years.
Gautam Adani, the world's third-richest man, has been diversifying his empire from ports to energy and now owns a media company.
Analysts' concerns over its debt accumulation have been dismissed by Singh.
Adani Group's total gross debt in the financial year ending March 31, 2022, rose 40 percent to 2.2 trillion rupees.


UK Consumer Confidence Weakens Amid Middle East Conflict and Rising Living Costs
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership
9 Tips for Avoiding Tax Season Cyber Scams
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share
U.S. Oil Prices Slide as Middle East Ceasefire Talks Spark Market Optimism
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears
Bank of Japan Eyes April Rate Hike Despite Inflation Dip, ING Says
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data
Explosion and Fire Erupt at Valero Oil Refinery in Port Arthur, Texas
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update
Iran-Israel Missile Strikes Continue Amid Mixed Signals on U.S.-Iran Diplomacy 



