Adani now in healthcare, IT businesses |
Indian Billionaire Gautam Adani`s group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd – the group`s business incubator firm – in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022. AVHL will carry on the business of healthcare-related activities including, inter alia, setting up, running, and administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centres and to do all other allied and incidental activities in this regard.
AHVL, it said, will commence its business operations in due course. The group, which runs businesses from seaports to airports and energy, forayed into the cement sector through the acquisition of Swiss cement maker Holcim`s India operations for a total of $10.5 billion. For its healthcare foray, the group reportedly has been in talks with big names in the sector and may invest up to $4 billion. The healthcare space in India is quite fragmented with the market dominated by local and regional players.
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