Gautam Adani’s succession: Adani’s comments on heirs and equal beneficial interest misinterpreted, company says
7 months, 3 weeks ago

Gautam Adani’s succession: Adani’s comments on heirs and equal beneficial interest misinterpreted, company says

Live Mint  

Adani Enterprises has issued a statement to address recent media reports concerning Chairman Gautam Adani's succession plans. The company asserts that Adani's comments about heirs and equal beneficial interest in the family trust have been misrepresented. In a filing to stock exchanges, the company stated, "We would like to clarify that, in a recent interview, Gautam Adani shared his thoughts on succession planning to ensure business sustainability. The report claimed that Adani's four heirs - his sons Karan and Jeet, along with nephews Pranav and Sagar - would become equal family trust beneficiaries. Adani Enterprises refuted these specifics, stating, "Mr Adani has been misquoted about heirs and equal beneficial interest in the family trust.

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History of this topic

Adani group's legal turmoil: A cautionary tale for global investors
4 months, 1 week ago

Adani group's legal turmoil: A cautionary tale for global investors

India Today  

The Adani Group, a conglomerate at the forefront of India’s infrastructure and energy sectors, is currently engulfed in a significant legal and financial controversy that has reverberated across global markets. This legal setback has not only tarnished Adani's reputation but has also triggered a substantial decline in the stock prices of several key companies within the group. For instance, Adani …

Will Karan Adani become Adani Group chairman when Gautam Adani exits? ‘It’s likely'
7 months, 3 weeks ago

Will Karan Adani become Adani Group chairman when Gautam Adani exits? ‘It’s likely'

Hindustan Times  

Gautam Adani has mapped out a succession plan for his conglomerate as per which the 62-year-old will step down at 70 transferring control of his business empire to his sons and their cousins by “early 2030s”. He said that Gautam Adani's sons- Karan Adani and Jeet Adani- along with cousins Pranav Adani and Sagar Adani, want to run the group …

Gautam Adani Boosts Ownership in Adani Enterprises by 1.32%
9 months, 2 weeks ago

Gautam Adani Boosts Ownership in Adani Enterprises by 1.32%

Deccan Chronicle  

In a strategic move that underscores confidence in his conglomerate's trajectory, Gautam Adani, the chairman of the Adani Group, has increased his stake in Adani Enterprises by 1.32%. His decision to bolster his ownership stake in Adani Enterprises reflects not only his personal belief in the company's potential but also a broader endorsement of India's economic resilience and growth prospects. …

Gautam Adani's post for his granddaughter: ‘All the wealth of the world is pale’
11 months, 3 weeks ago

Gautam Adani's post for his granddaughter: ‘All the wealth of the world is pale’

Hindustan Times  

Adani Group chairman Gautam Adani said that no wealth can match the shine of his granddaughter's eyes. Gautam Adani shared his granddaughter's picture which was taken at the new Adani Green Energy Gallery at the Science Museum, London. "All the wealth of the world is pale when compared to the shine of these eyes," the Adani Group Chairman said sharing …

Adani family associates invested in its own stocks via foreign funds: Report
1 year, 6 months ago

Adani family associates invested in its own stocks via foreign funds: Report

Live Mint  

Gautam Adani's family allegedly invested millions of dollars in its own companies via “opaque” Mauritius funds, reported the Organised Crime and Corruption Reporting Project in its latest article. Notably, the allies of the Adani family may have spent years discreetly investing in Adani Group's own companies in the stock market during its rise in India, reported The Guardian referring to …

India's Enron Moment? Gautam Adani slips to No. 30, group stocks lose ₹12 lakh crore in 1 month
2 years, 1 month ago

India's Enron Moment? Gautam Adani slips to No. 30, group stocks lose ₹12 lakh crore in 1 month

The Hindu  

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a U.S. firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Hindenburg, which held short positions in unidentified shares of Adani Group …

Adani offshore investor has links to Adani family
2 years, 1 month ago

Adani offshore investor has links to Adani family

Live Mint  

A short seller’s allegations of fraud by Gautam Adani’s conglomerate center on whether his family wielded influence over Mauritius-based investors One of the large shareholders of Adani Power, the energy firm at the core of Indian billionaire Gautam Adani’s business empire, is an offshore company called Opal Investment Pvt. Corporate filings reviewed by The Wall Street Journal show that Opal …

Adani Group is 'deeply overleveraged', warns CreditSights
2 years, 7 months ago

Adani Group is 'deeply overleveraged', warns CreditSights

The Hindu  

Richest Indian Gautam Adani's ports-to-power-to-cement conglomerate is "deeply overleveraged" with the group predominantly using debt to invest aggressively across existing as well as new businesses, CreditSights, a Fitch Group unit, said on Tuesday. "Over the past few years, the Adani Group has pursued an aggressive expansion plan that has pressurised its credit metrics and cash flows," CreditSights said. "The Adani …

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