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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The conglomerate is already the largest operator of airports in the country, and the investment could indicate a further interest in the aviation business.
Investors of SpiceJet’s Rs 2,250 crore worth equity shares, announced on Tuesday, include Elara India Opportunities Fund, which has been previously linked with the Adani group.
This will set off a buzz in the aviation industry of the possible interest from billionaire Gautam Adani in the Ajay Singh-owned airline.
Elara India Opportunities Fund is one of the foreign institutional investors that has substantial holdings in Adani group companies. We wrote about the fund and others in 2021; at the time, 97% of the fund’s net worth came from its investments in Adani companies. (Read more: “Why do these foreign funds …
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
A regulatory easing could see the billionaire’s conglomerate move from running airports to owning an airline—an idea he is warming up to, with multiple options open.
After a strong listing, Vedanta Aluminium Metal is running into some headwinds. Aluminium prices are easing, but the sharper challenge is rising competition from Kumar Mangalam Birla and Gautam Adani.
