Adani Group's clarification on succession plan, made the entire plan clear

Gautam Adani News: Adani Enterprises on Tuesday issued a clarification regarding media reports on the succession plan. The company said that the words of the group chief Gautam Adani regarding the successors and equal beneficial interest in the family trust have been misrepresented. The group said in its statement that they would like to clarify that in a recent interview, Gautam Adani had shared his views on the succession plan to ensure business stability. He had said that succession is not just an event but a journey and it should be organic and systematic. The company said in a statement on the exchanges that Gautam Adani has not given any information about any date or time in his statement.

Adani Group's clarification

The group said that an attempt has been made to misrepresent the statement of successors and equal beneficial interest in Gautam Adani's family trust. He had given information about the participation of his two sons and two nephews in different businesses of the group. The company also said in its statement that the stock prices are completely market driven and the company does not have control over the way the shares fell on January 5. Nor do they have any specific information. It is worth noting that yesterday there was a correction of about 3 percent in the stock market.

This report came

On Monday, media reports quoting Bloomberg said that Adani Group Chairman Gautam Adani, who is now 62 years old, plans to retire at the age of 70 and hand over the reins of his business to the next generation by the beginning of 2030. According to Bloomberg's report, Adani has planned to retire at the age of 70. After which his four successors - sons Karan and Jeet, as well as cousins ​​Pranav and Sagar - will be equal beneficiaries of the family trust. According to reports, in the interview, Gautam Adani said that his four heirs will perform better. He said that I am happy that all of them have the hunger to move forward, which is not common in the second generation.

Asia's second richest businessman

Gautam Adani is the second richest businessman in the country and Asia. According to the Bloomberg Billionaires Index, Gautam Adani's total wealth is $ 104 billion. While in the current year, Gautam Adani's wealth has seen an increase of more than $ 19 billion. On the other hand, Mukesh Ambani is the richest businessman in the country and Asia. His total net worth is $ 109 billion. This means that there is not much difference in the wealth of the two billionaires. In the coming days, Gautam Adani can overtake Mukesh Ambani in terms of wealth.