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Asia’s Richest Man Adani Is Searching for New Group M&A Chief

  • Group’s current M&A head is moving to new role within firm
  • New M&A chief could help accelerate dealmaking at conglomerate
Gautam Adani

Gautam Adani

Photographer: Tomohiro Ohsumi/Bloomberg

Asia’s richest man Gautam Adani is scouting for a new leader for his mergers and acquisitions strategy as the incumbent will soon take a new role within the group, according to people familiar with the matter.

Vinod Bahety, who’s been helming Adani Enterprises Ltd.’s M&A activity, will move to a new business vertical and a formal announcement could come as soon as this month, the people said. Adani Group has reached out to potential candidates for the job as the ports-to-power conglomerate is looking to expedite its dealmaking, said the people, who asked not to be identified as the information is private.