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Deals

Billionaire Gautam Adani To Raise $2 Billion From Sale Of Adani Wilmar Stake

ByJonathan BurgosForbes Staff

Indian billionaire Gautam Adani’s Adani Enterprises is selling its entire stake in Mumbai-listed Adani Wilmar in a $2 billion multi-phased deal with partner Singapore-based Wilmar International.

Indonesia’s 50 Richest

Despite concerns over the weak purchasing power of its middle class, resource-rich Indonesia is targeting 8% economic growth, up from the estimated 5.1% expected this year, under its new president Prabowo Subianto, who took office in October.

QUOTE OF THE DAY

“In most cases being a good boss means hiring talented people and then getting out of their way.”

Tina Fey, Actress and Comedian

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Shinsegae’s E-Mart Discount Chain And Alibaba To Form Korean Joint Venture
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Maker Of Chemicals For Sharper X-ray Images Is Newest Indian Billionaire

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