Indian billionaire Adani and family to further sell group shares

Adani Group's total market valuation recovers from Hindenburg row

20240828 Adani and Mumbai Airport

The Adani Group is expanding investments in airports and energy businesses. (Nikkei montage/Photos from Reuters)

DEV CHATTERJEE, Contributing writer

MUMBAI -- Indian billionaire Gautam Adani's family is set to divest another portion of their stakes in their listed companies to help finance the group's ambitious $100 billion expansion plans over the next decade, according to a senior group official.

The family's portfolio, valued at $125 billion, comprises unlisted companies and significant holdings in 10 publicly traded firms.

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