Adani Realty in talks to acquire Ozone Group for $1 billion
Real Estate

Adani Realty in talks to acquire Ozone Group for $1 billion

Adani Realty is in talks to acquire Indian developer Ozone Group at an enterprise value of around $1 billion, as per the people aware of the matter.

Adani Realty Limited aims to acquire the Bengaluru-based Ozone, which has an outstanding debt of over Rs 60 billion. Ozone has ongoing projects in Bengaluru, Chennai and Mumbai, as per the information available on its website.

As part of this deal, Adani’s 10-year-old developer arm will be acquiring the debt of Ozone which has been struggling to repay creditors. Ozone has supplied 13.5 million sq ft of real estate projects so far and has 48 million sq ft in different stages of development.

The closely-held real estate arm of the ports-to-power group, run by Asia’s second-richest person, will look for more stressed real estate firms and land parcels, they said, to expand the business rapidly. Adani Realty has been constructing residential and commercial projects of over 69 million sq ft across Indian cities of Mumbai, Ahmedabad, Kochi, Mundra, Gurgaon, as per the group website.

Image Source

Adani Realty is in talks to acquire Indian developer Ozone Group at an enterprise value of around $1 billion, as per the people aware of the matter. Adani Realty Limited aims to acquire the Bengaluru-based Ozone, which has an outstanding debt of over Rs 60 billion. Ozone has ongoing projects in Bengaluru, Chennai and Mumbai, as per the information available on its website. As part of this deal, Adani’s 10-year-old developer arm will be acquiring the debt of Ozone which has been struggling to repay creditors. Ozone has supplied 13.5 million sq ft of real estate projects so far and has 48 million sq ft in different stages of development. The closely-held real estate arm of the ports-to-power group, run by Asia’s second-richest person, will look for more stressed real estate firms and land parcels, they said, to expand the business rapidly. Adani Realty has been constructing residential and commercial projects of over 69 million sq ft across Indian cities of Mumbai, Ahmedabad, Kochi, Mundra, Gurgaon, as per the group website. Image Source

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement