Shares of each of those businesses are up by between 19% and 195% this year, as Adani has led aggressive expansion into renewable energy, media, airports and more.
Earlier this month, Abu Dhabi’s International Holding Co., run by the brother of the United Arab Emirates’ crown prince, invested $2 billion in three of Adani’s green energy-focused firms.
On Friday, Adani agreed to buy Ocean Sparkle, India’s largest marine services company, in a $220 million deal.