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Adani is ready to buy Salt Lake Start-up

Vivid News 24: Big news for IT business in West Bengal. Because, the second richest person in the world, Gautam Adani, is going to set foot in the IT Taluk or Sector Five of Salt Lake. Adani Group has started the process of buying a start-up in Taluk. The agreement has already been signed between the two parties. According to sources, the entire process will be completed next month.

Incidentally, the Adani group had already expressed its desire to build Tajpur port. In this year’s Vijaya Sammilani, the state government permitted the Adani group to build a sea port at Tajpur. 

Along with this, Adani Group has also signed an agreement with the government for a Data Center in this state. Now the Adani group wants to expand its empire in this state by investing in IT Taluk. According to sources, Adani Enterprises Ltd has signed an agreement to acquire

SIBIA Analytics and Consulting Services Private Limited in Salt Lake Sector Five. However, there is no specific information about how much the contract is being signed.

Also Read Bandhan Bank is in the Mutual Fund business in the current financial year

SIBIA CEO Anshuman Bhattacharya launched the company 8 years ago. Before that, he worked in Analytics at Wipro and Cognizant. Currently, 35 employees work at SIBIA. The company’s clients include big companies like Emami, Pidilite, Exide, Asian Paints, and Berger India.

Anshuman holds 71% of the total shares of the company, 15% is held by another person and 14% is held by several ‘angel investors. According to sources, Adani Group has decided to buy the shares of all parties. As per the exchange filing, as many board members as the Adani Group wants in SIBIA will be retained on the board after the deal process is completed.

Adani Group’s market cap touched Rs 3 trillion in August this year. This makes the Adani group the 4th largest group in the country in terms of market cap. Because the stock of Adani Group has increased by around 57% during this period.

Incidentally, an Abu Dhabi-based multinational investment company ‘International Holding Company PJSC (IHD)’ has announced an investment in Adani Group. The total investment in Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL), and Adani Enterprise Ltd (AEL) will be around Rs 15,400 crore.

Also Read Bandhan Bank is in the Mutual Fund business in the current financial year

Vivid News-24 Desk
Vivid News-24 Desk
Vivid News-24 News India's new growing news website. Which provides some specific categories of news, top world news, entertainment, sports, new technology, politics etc.
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