Adani Group enters into a no-poaching pact with Mukesh Ambani led Reliance Industries
My Smart FAQ
Sept 21, 2022
A no-poaching agreement will prevent employees of both groups from joining each other.
From here on both groups cannot poach from each other.”
One partner at a corporate law firm said that there is no law that prevents two entities from entering into such agreements, so long as they are not dominant players in that sector.
The Adani Group is also testing waters in petrochemicals and enterprise broadband space for which it has acquired spectrum worth ₹212 crore in the recently concluded auctions.
The Adani Group seeks to serve enterprise customers in six licensed service areas through Adani Data Networks.
Given that both groups are present in several sectors, where talent is scarce in India, this pact could help prevent a war for talent.