Adani starts 26-city roadshows

Group touts profits, growth opportunity in pitch to investors for its 10 listed firms

- Varun Sood, Satish John

The Adani group has kicked off a series of roadshows to attract wealthy retail investors to buy shares of its 10 listed companies, 11 months after a withering attack by US short-seller Hindenburg Research forced the country's largest conglomerate to drop a previous effort.

About a dozen top group executives met prospective investors in Pune on Friday in the first of these roadshows, pitching the opportunity for "immense wealth creation" through the group's growth. At a banquet hall in Pune's Creativity mall, executives led by group chief financial officer (CFO) Jugeshinder Singh and Jeet Adani, the younger son of founder Gautam Adani, narrated the story of the business steeped in energy, ports, airports, and roads, and compared its performance, including growth and profitability, to companies in the fast-moving consumer goods (FMCG) sector such as Hindustan Unilever and Nestle India.