Adani's realty unit in talks to buy debt-laden Ozone group, says report
Adani’s realty unit in talks to buy debt-laden Ozone group, says report
Billionaire Gautam Adani’s realty unit is in advanced talks to take over beleaguered Indian developer Ozone Group at an enterprise value of about $1 billion, according to people familiar with the matter. Adani Realty Ltd. is seeking to take over the Bengaluru-based Ozone, which has an outstanding debt of more than 60 billion rupees ($790 million), one of the people said, asking not to be named…
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